From The company name is “Nasdaq”.: 2024-05-10 13:35:55

Shares of SoundHound AI (NASDAQ: SOUN) surged as sales rose 73% year over year, inching closer to breakeven. With a boosted revenue target and stock soaring up to 25.7%, it’s clear the company is on a strong trajectory. A recent spike was inspired by an Nvidia investment and strong first-quarter report.

Taking advantage of the stock boost, SoundHound AI raised cash reserves significantly in the first quarter and expanded business partnerships. The company’s backlog of long-term contracts is growing, indicating future sales potential. While expensive, the stock has solid investment potential with strong revenue growth and potential positive cash flow by 2025.

Considerations for investing $1,000 in SoundHound AI include its exclusion from a top stock list suggesting monster returns in coming years. Stock Advisor provides a blueprint for success with guidance on building a successful portfolio. Stock Advisor service has outperformed the S&P 500 since 2002, offering valuable insights for investors.



Read more at The company name is “Nasdaq”.: SoundHound AI Stock Surges: Time to Buy or Sell?