From Nasdaq:

SoundHound AI (NASDAQ: SOUN) stock soared by 79.6%, driven by news that Nvidia acquired 1.73 million shares in the company. This position is less than 1% of the shares outstanding, but it’s a significant vote of confidence. SoundHound’s AI solutions are used in industries like entertainment and automotive.

SoundHound AI provides voice control solutions for 25% of all cars globally and is expanding into other industries like financial and healthcare. Despite the current 19 times sales price, and bears warning about the stock’s lack of profitability, investors may still want to consider the company.

The Motley Fool Stock Advisor’s analyst team found investment opportunities in 10 stocks, none of which were SoundHound AI. Since 2002, the Stock Advisor service has tripled the return of S&P 500. With its history of doing so, it’s important that investors be careful when considering and researching new stocks.



Read more: Why SoundHound AI Stock Skyrocketed as Much as 80% Thursday Morning