Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do they really matter?
SoundHound AI, Inc. (SOUN) closed at $7.83 in the latest trading session, marking a +0.84% move from the prior day.
SoundHound AI (SOUN 0.90%) is at the forefront of the artificial intelligence (AI) market. The company's voice AI technology is used for everything from vehicle infotainment systems to drive-thru ordering kiosks at restaurants.
Technology routinely affects nearly every part of the economy. In other words, companies that aren't traditional technology stocks can benefit from artificial intelligence (AI).
The artificial intelligence (AI) revolution has just begun. The generative AI category alone could be worth $1.3 trillion by 2032, growing by more than 40% per year over the next decade.
Growth investors are racing to find the next Nvidia. Since 1999, its shares have risen by more than 253,000%.
I keep calling SoundHound AI (SOUN -6.25%) a great company with fantastic technology -- and an overpriced stock.
SoundHound AI SOUN shares have plummeted 63.1% year to date (YTD) and 25% in March. On top of that, shares of this maker of artificial intelligence (AI) tools for computer interpretation of voice commands lost 11.8% on Friday as investor sentiment was weighed down by the ongoing global trade war and news that it was facing a class action lawsuit alleging the company of making materially false information.
Zacks.com users have recently been watching SoundHound AI (SOUN) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.
Shares of SoundHound AI (SOUN -12.17%) are plunging on Friday. The voice artificial intelligence (AI) technology company's stock lost 14.5% as of 1:50 p.m.
Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do they really matter?
SoundHound AI (SOUN 5.67%) was a darling stock in 2024. At one point in late December, shares were up over 1,000% for the year, but then it sold off as investors took gains.