Reported 1 day ago
SoundHound AI, which has seen a 347% increase in shares this year, is gaining traction in the rapidly growing voice-based AI industry. Analysts believe the AI sector could reach $1.3 trillion by 2032, and SoundHound's recent revenue growth of 89% in Q3 suggests significant potential. The company's partnerships with major players like Stellantis, alongside a solid cash reserve to sustain operations, position it well for continued expansion. However, its current high valuation could mean investors might want to wait for a price dip before buying in.
Source: YAHOO