From Nasdaq: 2024-04-13 07:03:00

Investors who missed out on Nvidia may find potential in SoundHound AI, a company focused on AI in audio applications like restaurant ordering and digital assistants in cars. SoundHound’s revenue grew 80% in Q4, with a $661 million backlog. While the stock is pricey, the company’s growth potential and Nvidia partnership make it intriguing. Investors should be prepared for volatility and consider a small allocation in their portfolio.

SoundHound AI’s potential has many investors excited, with the stock showing massive upside. With a premium price tag and no profits yet, the company’s valuation is high. However, if SoundHound can convert its backlog into revenue and secure more deals, the stock could see significant growth. The company is a long shot, so investors should only risk what they are willing to lose.

Considering investing in SoundHound AI? While the company shows promise, it wasn’t among the Motley Fool Stock Advisor’s top picks. This service offers guidance on building a portfolio and has a strong track record of outperforming the S&P 500. SoundHound AI may be a high-risk investment, but its growth potential could lead to substantial returns in the future.



Read more at Nasdaq: Missed Out on Nvidia? Buy SoundHound AI Instead.