SOUN - SoundHound AI: Nvidia's 0.6% Stake Constitutes A Differentiator

2024-04-20 01:24:52 ET

Summary

• Nvidia's investment in SoundHound AI sets it apart from other Voice AI companies.
• SoundHound's integration of Gen AI models and its ability to launch products quickly have contributed to its revenue growth.
• While SoundHound is currently loss-making, its growth sustainability and progress on profitability indicate the potential for breaking even in 2025.
• On the other hand, expect a lot of volatility for a stock that generates cash through issuing equities and has already been targeted by short sellers.

I have covered several voice AI stocks or companies applying artificial intelligence in conversations before but SoundHound AI ( SOUN ) is different. The reason is not only because Nvidia (NASDAQ: NVDA ) invested around $3.7 million in the company which has grown revenues at an accelerated pace while making progress on the profitability front....

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