SoundHound AI stock soared 217% after investment from Nvidia, with promising future growth

From Nasdaq: 2024-12-15 06:00:00

SoundHound AI (NASDAQ: SOUN) received a multimillion-dollar investment from Nvidia, causing a surge in share value by 217% since November. Revenue growth estimates have nearly doubled to 96.7%, indicating a promising future. Despite a high price-to-sales ratio, a stock split in 2025 is unlikely. SoundHound’s presence in the AI sound market, with deals in place for drive-through systems and voice recognition in vehicles, sets it apart from competitors. While not recommended by Motley Fool Stock Advisor, SoundHound AI shows potential for growth and innovation in the AI industry.



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