SoundHound AI partners with major companies for growth, but overvalued

From Nasdaq: 2024-12-09 10:33:00

SoundHound AI partners with Torchy’s Tacos to launch Smart Ordering voice AI at 130 locations, streamlining operations. SOUN offers conversational intelligence in 25 languages, with shares up 608% YTD. However, the stock is overvalued and trading at a premium. SoundHound AI’s strong portfolio drives collaborations with major partners in various sectors, including automotive and restaurants.

SOUN’s collaborations with NVIDIA, ARM, and others expand its portfolio, enhancing its offerings in voice AI solutions. Earnings estimates show a downward trend for 2024 and 2025, with revenue expectations and losses widening. SOUN’s innovative AI-powered portfolio positions it well for growth, but its stretched valuation is a concern.

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Read more at Nasdaq: Can SoundHound AI’s Expanding Partner Base Push the Stock Higher?