SoundHound AI experienced revenue growth and deals signed, but faces competition risk

In recent quarters, a company has seen revenue growth accelerate, with the latest period showing a more than 150% increase. Despite a 45% stock slip in the first half of this year, the company remains a growth player in the AI sector. One standout AI stock, SoundHound AI, specializes in voice AI and boasts over 190 granted patents. With revenue soaring and deals signed across industries, the company shows potential for growth. However, competition from major rivals poses a risk. SoundHound’s revenue jumped 151% in the recent quarter to about $29 million, signaling room for further growth in its $140 billion total addressable market.

Read more at Nasdaq: Should You Buy This AI Stock That Soared 800% Last Year and Has a $140 Billion Total Addressable Market?