AI Stock Could Surge 58%, According to Wall Street, Making Up for Missed Nvidia Opportunity

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SoundHound AI is touted as a potential investment opportunity for those who missed out on Nvidia’s surge. The stock has already soared close to 70% year to date, but Wall Street analysts believe it could still rise by 58%. SoundHound’s conversational voice AI platform is used in customer service applications, and the company has several high-profile customers, including Honda, Mercedes-Benz, and Netflix. Three analysts who cover the company have rated the stock a buy or a strong buy. Despite the positive outlook, there are risks associated with SoundHound. For example, the company has yet to turn a profit and could potentially face competition from rapidly evolving technology. Furthermore, the stock currently trades at nearly 18 times trailing-12-month sales, which makes it vulnerable to a misstep. Nevertheless, Wall Street’s expectations for SoundHound seem reasonable, and the company is a key player in the AI market.

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Frequently Asked Questions (FAQs) Related to the Above News

What is SoundHound?

SoundHound is a company that provides a conversational voice AI platform used in customer service applications, with several high-profile customers including Honda, Mercedes-Benz, and Netflix.

How much has SoundHound's stock surged this year?

SoundHound's stock has already soared close to 70% year to date.

What is the potential for SoundHound's stock according to Wall Street analysts?

Wall Street analysts believe that SoundHound's stock could still rise by 58%.

Why is SoundHound being touted as a potential investment opportunity?

SoundHound is being touted as a potential investment opportunity for those who missed out on Nvidia's surge.

What is the risk associated with SoundHound?

The risk associated with SoundHound is that the company has yet to turn a profit and could potentially face competition from rapidly evolving technology. Furthermore, the stock currently trades at nearly 18 times trailing-12-month sales, which makes it vulnerable to a misstep.

What is Wall Street's expectation for SoundHound?

Wall Street's expectation for SoundHound seems reasonable, and the company is viewed as a key player in the AI market.

Please note that the FAQs provided on this page are based on the news article published. While we strive to provide accurate and up-to-date information, it is always recommended to consult relevant authorities or professionals before making any decisions or taking action based on the FAQs or the news article.

Meera Mehta
Meera Mehta
Meera is our dedicated writer and manager for the AI Stocks category. With her expertise in finance and a deep interest in the AI industry, Meera keeps a close eye on AI-related stocks and market trends. Her articles provide valuable insights into the financial aspects of AI, helping investors navigate this exciting and dynamic sector.

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