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Generative artificial intelligence (AI) is taking Wall Street by storm -- minting plenty of millionaires in the process. The technology promises to allow machines to replace human labor in tasks that require knowledge, memory, and communication.
The first half of the year has been somewhat of a rollercoaster ride for stocks -- and investors. Though all three major indexes have now crossed into positive territory, that wasn't the story just a few weeks ago.
The stock market has recovered from April's sudden dip. From the S&P 500 to the Nasdaq Composite, the market-defining indexes are reaching fresh all-time highs almost every day.
SoundHound AI (SOUN -0.91%), a developer of artificial intelligence (AI)-powered speech and audio recognition tools, has been a polarizing investment ever since its public debut three years ago. The bulls were initially impressed by its rapid growth, expanding customer base, and the disruptive potential of its tools, which could be customized for restaurants, vehicles, consumer electronics, and other markets.
Make no mistake, investors love revenue growth, and investing in companies that are growing their top lines quickly can be quite rewarding.
SoundHound AI (SOUN) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.
SoundHound gains ground in auto voice AI as OEMs seek custom platforms, boosting its pipeline and voice commerce traction.
Sound and voice add an additional layer to artificial intelligence (AI) that often seems to fly under the radar. However, make no mistake about it, voice AI technology presents a massive opportunity and is crucial to delivering AI to real-world, consumer-facing applications.
SOUN and CRNC battle for voice AI dominance, but only one is scaling fast across sectors beyond autos with strong momentum.
The technology sector continues to be one of the best places to invest for the long term. Let's look at three stocks in the sector showing breakout growth that investors might want to consider buying now and holding for the next decade.