SOUN - SoundHound AI Is the Most Undervalued Artificial Intelligence (AI) Stock to Buy Now
2024-06-29 13:41:00 ET
SoundHound AI (NASDAQ: SOUN) has had quite the roller-coaster ride this year. But there's more excitement ahead, and I say it's time to buckle up for the next climb.
Despite its negative earnings and eyebrow-raising valuation ratios, SoundHound AI stands out as a diamond in the rough. The voice-control specialist's stock is currently down by a significant margin from its previous highs, but don't let that discourage you. Here's why I see a big future for this little artificial intelligence (AI) powerhouse, and why I'd still call it "undervalued" today.
SoundHound AI focuses on voice AI and conversational intelligence technologies , fields that are becoming increasingly vital in our tech-driven world. With a backlog of long-term contracts totaling a whopping $682 million, this company has a clear path to future income that seems largely ignored by the current market price.
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SoundHound AI Is the Most Undervalued Artificial Intelligence (AI) Stock to Buy Now