SoundHound AI (NASDAQ: SOUN) stock posted a month of explosive gains across December's trading. The conversational artificial intelligence (AI) company's share price closed out last month up 113.1%, according to data from S&P Global Market Intelligence.
SoundHound AI has been one of the best-performing stocks on the market in the past year, registering stunning gains of 936% as of this writing, thanks to a combination of factors. SoundHound took off big time in February last year after it emerged that artificial intelligence (AI) giant Nvidia has a small stake in the company.
In SoundHound AI's conference call, management made the bold projection that its revenue would double in 2025. Additionally, it expects to reach EBITDA profitability by the end of 2025, which is a key milestone in achieving net income profitability. These projections ignited a massive run-up in SoundHound AI's stock, but is it still worth buying?
There may not be a hotter stock heading into 2025 than SoundHound AI ( SOUN 2.28%). SoundHound AI rose 836% in 2024, making it one of the best-performing stocks in the market. Just a few weeks ago, it was up over 1,000%, but a pullback to end the year took away some of those gains.
SoundHound AI, a maker of conversational AI voice technology, on Tuesday unveiled the first-ever in-vehicle voice commerce platform at the CES 2025 tech trade show. The SoundHound platform will allow drivers and passengers to order takeout for pick-up directly from the car's infotainment system just by speaking.
While the business is growing, SoundHound AI has a low revenue volume and no profits. Read why I have downgraded SOUN stock to a Sell.
Investors and traders looking for an opportunity to “Buy the Dip” on SoundHound shares should maintain a close watch on the $15 price. This price represents the next “psychological” trade level for the stock, followed by $12.5 which is where SoundHound’s bullish 50-day moving average resides.
SoundHound AI has seen massive growth in Voice AI, but with a competitive landscape and uncertain future, investing now may be risky. Read more here.
Although Nvidia invested a mere $3.7 million in voice-AI start-up SoundHound AI (NASDAQ: SOUN) about a year ago, that investment put SoundHound squarely on the map as a potential AI winner. After making several accretive acquisitions and racking up an impressive customer list,
Shares of tiny robotics firm Arbe Robotics (NASDAQ:ARBE) are rocketing 53% higher heading into midday after reporting a collaboration with Nvidia (NASDAQ:NVDA) for AI-enhanced mapping technology for the automotive industry.
SoundHound AI (NASDAQ: SOUN) has simply taken off in the past couple of years. Shares of the voice artificial intelligence (AI) solutions provider shot up a phenomenal 1,940% during this period ...
SoundHound AI ( NASDAQ:SOUN) has captured attention at CES 2025 with the debut of its first-ever in-vehicle voice assistant featuring integrated food ordering capabilities. This feature enables drivers to order meals directly through their car's voice system, streamlining convenience without sacrificing safety.