The SoundHound AI Stock Bull Case: Buy SOUN Under $5
SOUNSoundHound AI(SOUN) Investor Place·2024-06-13 01:08

SoundHound AI (NASDAQ:SOUN) announced on June 10 that it pre-paid $100 million in debt. The move saves the company $55 million in interest, one of many reasons to like SoundHound AI stock.With the debt reduction, SoundHound has $180 million in cash and no outstanding debt. Founder Seth Klarman’s Baupost Group bought 1.1 million shares in the AI voice solutions provider in May. Baupost owns 0.15% of SoundHound. The largest owner is Nvidia (NASDAQ:NVDA), which accounts for 3.06% of the outstanding stock. What ...