2024-05-21 14:21:28 ET
Summary
- SoundHound AI, Inc. investors suffered a steep plunge, as the stock fell more than 60% from its March highs.
- SoundHound AI stock bottomed in April, suggesting the worst could be over.
- SoundHound's voice AI capabilities are expanding and gaining broader adoption.
- OpenAI's GPT-4o launch validates the growing opportunity set for voice AI capabilities.
- With my caution on SoundHound AI, Inc. stock panning out, I explain why it's time for AI investors to return. Read on.
SoundHound Stock Suffered A Steep Plunge
SoundHound AI, Inc. ( SOUN ) investors who chased its early 2024 rally suffered a hammering in mid-March 2024 as the market pulled back. Given SoundHound's remarkable gains over the past year and its unprofitable business model, I'm not surprised by SOUN stock's bear market decline before bottoming in late April 2024....
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SoundHound AI: Voice AI Is The Next Big Thing (Upgrade)