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Jim Cramer Says SoundHound AI (SOUN) AI is a 'Meme' Stock

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          🞛 This publication is a summary or evaluation of another publication 🞛 This publication contains editorial commentary or bias from the source
We recently published a list of Jim Cramer's February Portfolio: Top 10 Stocks. In this article, we are going to take a look at where SoundHound AI, Inc. (NASDAQ:SOUN) stands against other stocks in Jim Cramer's February portfolio.
Jim Cramer, host of CNBC's "Mad Money," has labeled SoundHound AI (SOUN) as a meme stock, suggesting that its popularity and stock price movements are driven more by social media buzz and retail investor enthusiasm rather than the company's fundamental business prospects. In a recent discussion, Cramer highlighted that while SoundHound AI has developed voice AI technology with applications in various industries, the stock's volatility and investor interest seem to be fueled by its meme stock status rather than solid financial performance or growth metrics. He advises investors to be cautious, pointing out that the stock's price can be significantly influenced by online trends and speculative trading rather than the company's actual business achievements.

Read the Full MSN Article at:
[ https://www.msn.com/en-us/money/other/jim-cramer-says-soundhound-ai-soun-ai-is-a-meme-stock/ar-AA1yhUc3 ]