SoundHound (SOUN) shares surged 12% after Nvidia CEO downplayed AI bubble concerns. The stock’s 14-day RSI is below the oversold threshold, hinting at further gains. However, SOUN is trading 50% below its YTD high. Despite Q3 revenue growth of 68%, SOUN faces profitability challenges and cash burn. Insiders have been selling shares, raising concerns. Analysts maintain a “Moderate Buy” rating on SOUN with a price target of nearly $17, signaling potential upside of over 45%. With a 55x sales multiple, SOUN faces pressure to achieve profitability to avoid dilution for shareholders.

Read more at Barchart: Nvidia Just Gave SoundHound Stock a Big Lift. Should You Buy SOUN Shares Here?