From NASDAQ.:

Nvidia is a top investor in the AI world, with disclosed investments of at least $100 million. One of its invested companies is SoundHound AI, focusing on audio and AI products, particularly in the automobile and restaurant sectors. SoundHound’s technological advancements have potential for mass adoption.

SoundHound AI’s stock price has surged after Nvidia’s investment, making it pricey at around 38 times sales. Despite small revenue, SoundHound has a robust backlog and potential for growth. It’s a high-risk, high-reward investment due to its price. Investors should carefully assess before making a move.



Read more at NASDAQ.: Meet The Artificial Intelligence (AI) Company That Nvidia Is Investing In