Reported 3 days ago
SoundHound AI is witnessing significant growth in the booming AI market, with its stock increasing over 250% in the past year. The company is expanding its conversational AI services, recently reporting an impressive 89% revenue growth in the last quarter. However, while SoundHound's losses are decreasing and future growth looks promising with projected revenues of $83.5 million in 2024 and $165 million in 2025, investors should be cautious of its current unprofitability and high price-to-sales ratio.
Source: YAHOO