Reported about 7 hours ago
SoundHound AI, a player in the AI sector focused on voice technology, has shown significant growth with a backlog of $723 million, indicating rising demand. However, its current stock valuation of 23 times sales raises questions about its potential for Nvidia-like returns, especially as it generated just $13.5 million in revenue last quarter. While analysts recognize its growth prospects, they caution against expecting similar astronomical gains as Nvidia experienced this year.
Source: YAHOO