SoundHound AI Stock May Be Poised for a Correction. Be Careful.
SoundHound AI(SOUN) Investor Place·2024-07-13 03:28
There’s a great deal to like about Soundhound AI (NASDAQ:SOUN) stock at this point. Its exposure to the AI megatrend, alliance with Nvidia (NASDAQ:NVDA) and strong, overall growth are all in its favor.However, given the stock’s recent, overdone rally, along with the name’s extremely high valuation and significant competition, I recommend that investors hold the shares but avoid buying them.Soundhound AI Stock’s Many Positive AttributesSoundhound, which produces an AI-powered voice assistant used by business ...