Nvidia invested in SoundHound AI last year, but its stock is currently soaring for a different reason. SoundHound AI (SOUN -8.02%) develops conversational artificial intelligence (AI) technologies. It has a market capitalization of just $1.7 billion, but it burst onto investors' radars when semiconductor giant, Nvidia, revealed it bought a small stake in the company. Nvidia owns 1.7 million shares of SoundHound which were worth around $3 million at the time of purchase in late 2023. However, the value of th ...

This voice artificial intelligence disruptor is just getting started. SoundHound AI (SOUN 4.28%) has emerged as a leader in conversational artificial intelligence (AI) with a technology platform empowering various speech-enabled applications. Strong growth has propelled the stock to more than double in value over the past year. At the same time, shares are also down 51% from their 52-week high as the market assesses the company's long-term financial potential. While this type of volatility warrants some cau ...

SoundHound AI, Inc. (SOUN) closed the last trading session at $5.14, gaining 4.1% over the past four weeks, but there could be plenty of upside left in the stock if short-term price targets set by Wall Street analysts are any guide. The mean price target of $7.58 indicates a 47.5% upside potential. The mean estimate comprises six short-term price targets with a standard deviation of $1.36. While the lowest estimate of $6 indicates a 16.7% increase from the current price level, the most optimistic analyst ex ...

Parkev Tatevosian, CFA has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. Parkev Tatevosian is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool. ...

Parkev Tatevosian, CFA has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. Parkev Tatevosian is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool. ...

Parkev Tatevosian, CFA has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. Parkev Tatevosian is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool. ...

The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price. Do they really matter, though? Before we discuss the reliability of brokerage recommendations and how to use them to your advantage, let's see what these Wall Street heavyweights think about SoundHound AI, Inc. (SOUN) . SoundHound AI currently has an aver ...

Wall Street loves artificial intelligence no matter what flavor it comes in. After intelligent voice leader SoundHound AI (NASDAQ:SOUN) reported second-quarter earnings on August 8, analysts engaged in a round of raising their price targets on SOUN stock. They now have a $7.08 per share consensus view for the stock, which implies a 42% upside from its Tuesday close. Despite the AI shop producing a never-ending string of losses, Wall Street can't get enough. And though none of the six analysts covering Sound ...

Speech recognition specialist SoundHound AI Inc. (NASDAQ: SOUN) has experienced a remarkable surge in 2024, with its stock price rising by 134.2% year-to-date. This growth is largely attributed to strategic initiatives, particularly the acquisition of Amelia AI for $80 million. Amelia's conversational and generative AI capabilities are expected to significantly enhance SoundHound's product offerings, enabling expansion into new sectors such as financial services, insurance, and healthcare. This acquisition ...

The growing demand for SoundHound's AI voice solutions could result in more upside. Shares of SoundHound AI (SOUN 0.60%) have crushed the broad market in the past year with stunning gains of almost 170%, despite witnessing a lot of volatility. Investors have been buying this small-cap company hand over fist to take advantage of the growing demand for voice-based artificial intelligence (AI) solutions. But SoundHound stock really took off earlier this year after Nvidia revealed a small stake in the company, ...