Is SoundHound AI Stock a Buy Now?
SoundHound AI(SOUN) The Motley Fool·2024-05-31 17:45
Could this out-of-favor AI stock be a good turnaround play? SoundHound AI (SOUN 3.83%) has been a tough stock to own over the past two years. The audio and speech recognition company went public by merging with a special purpose acquisition company (SPAC) on April 28, 2022, and its stock opened at $8.72 before soaring to a record high of $14.98 a week later. At the time, investors were impressed by its explosive sales growth, disruptive potential, and broad exposure to the expanding artificial intelligence ...