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SoundHound AI is an acquisitive growth company capitalizing on the rising effectiveness of AI.
The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price.
Wall Street loves artificial intelligence no matter what flavor it comes in. After intelligent voice leader SoundHound AI (NASDAQ: SOUN ) reported second-quarter earnings on August 8, analysts engaged in a round of raising their price targets on SOUN stock.
Speech recognition specialist SoundHound AI Inc. (NASDAQ: SOUN) has experienced a remarkable surge in 2024, with its stock price rising by 134.2% year-to-date.
SoundHound AI has shot up remarkably in the past year despite bouts of volatility. The company's recent results and forecast suggest it can keep growing at a tremendous pace.
SoundHound AI Shares Soar on Acquisition and Strong Revenue Growth. Is It Too Late to Buy the Stock?
The Amelia deal will help SoundHound get into new market verticals. The acquisition was made at an attractive price.
The AI revolution is still in the early innings. Three obscure, AI-related companies have multi-bag potential in the coming years.
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 (NASDAQ: SOUN) stock is a perfect example of the fact that there is more than one way to utilize the ongoing artificial intelligence (AI) rally, as the company provides generative AI soundovers for various businesses.
SoundHound AI has made huge acquisitions, fueling revenue growth for the AI company.