SOUN - Better AI Stock: SoundHound AI vs. UiPath
2024-05-20 10:28:00 ET
SoundHound AI (NASDAQ: SOUN) and UiPath (NYSE: PATH) represent two different ways to invest in the growing artificial intelligence (AI) market. SoundHound provides voice and audio recognition tools that aren't tethered to larger tech ecosystems, while UiPath's software robots are used to automate repetitive office tasks.
Yet both stocks have disappointed their early investors. SoundHound went public by merging with a special purpose acquisition company ( SPAC ) two years ago. The combined company's stock started trading at $8.72, but it's now worth roughly $5. UiPath went public via a traditional IPO three years ago at $56, but it now trades at about $20.
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Better AI Stock: SoundHound AI vs. UiPath