SoundHound AI (SOUN) Benefits from Agentic AI Growth

SoundHound AI (SOUN) surged 11.69% to $12.71, driven by the rise in Agentic AI demand, which allows autonomous decision-making with limited human intervention. The company offers voice automation tools and is expected to benefit from the growing customer demand for quick service in restaurants facing labor shortages.

SoundHound AI anticipates revenues of $157-177 million by 2025, up from $84.7 million last year, with a booking backlog of $1.2 billion. While SOUN shows promise as an investment, other AI stocks may offer greater returns. Investors seeking cheap AI stocks can explore further options in the market.

Investors are turning to AI stocks like SoundHound AI for potential growth. With a total addressable market of $140 billion and a strong revenue outlook, SOUN is positioned for expansion. For those interested in AI investments, exploring other hidden opportunities in the market may yield even higher returns.

Read more at Yahoo Finance: SoundHound AI (SOUN) Jumps 11.7% on Agentic AI Boom