Reported 12 months ago
Shares of SoundHound AI dropped 56% from its peak in March, presenting a great buying opportunity for growth investors. The company focuses on voice AI and conversational intelligence technologies, with a backlog of long-term contracts worth $682 million. Recent strategic moves include paying off debt, acquiring assets from Allset, and simplifying its capital structure. Despite being unprofitable, SoundHound AI's potential for growth and innovative voice tech make it an attractive investment, especially with the recent price drop.
Source: YAHOO