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Mon, December 9, 2024
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[ 09:41 AM ] - MSN
'Time to Turn Bullish,' Says Investor About SoundHound AI Stock

'Time to Turn Bullish,' Says Investor About SoundHound AI Stock


Published on 2024-12-09 09:41:40 - MSN
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  • SoundHound AI (NASDAQ:SOUN), a leading AI technology company focused on voice-enabled products and services, faces a simple but important question

The article from MSN discusses the bullish outlook on Soundhound AI stock by investor Gary Alexander. Despite a significant drop in stock value from its peak, Alexander highlights several positive developments for Soundhound AI. The company has shown a 42% year-over-year revenue growth in the first quarter, with expectations of continued growth. Soundhound AI is expanding its presence in the automotive industry, with partnerships like the one with Stellantis, and is also making inroads into the restaurant sector with clients like White Castle and Krispy Kreme. Additionally, the company's focus on voice AI technology positions it well in an industry with growing demand for voice interaction solutions. Alexander suggests that the current stock price, which is significantly lower than its 52-week high, presents a buying opportunity for investors looking at long-term growth potential in AI technology.

Read the Full MSN Article at:
[ https://www.msn.com/en-us/technology/tech-companies/time-to-turn-bullish-says-investor-about-soundhound-ai-stock/ar-AA1vvu7F ]
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