- SoundHound AI has eviscerated its disbelievers, notching a gain surpassing 900% over the past one year.
- The company is leading the game in Voice AI, a segment potentially too small for big tech to scale into at the moment.
- Still, the competitive landscape in Voice AI is far from established, and SoundHound’s position is tenuous at best.
- Moving into profitability by the end of 2025 should help keep buyers onside, while it works to scale into more enterprise verticals.
- I argue why this isn’t the time for you to jump on the SOUN bandwagon now, unless you want to lose your money.
- I am JR research, an opportunistic investor who identifies attractive risk/reward opportunities supported by robust price action to potentially generate alpha well above the S&P 500. I run the investing group Ultimate Growth Investing.
As a growth and tech investor, I’ve written about many AI stocks over the past year, as it has probably become one of the most important (if not the most important) innovations of all time. Not only does it have the potential to become the fourth industrial revolution, it has already upended things like climate tech funding (because we need ever more energy for AI data centers!), while also helped nuclear energy emerge from a “dormancy” as big tech searches for multiple sources of energy to power increasingly massive AI clusters (reaching into the 1M GPUs size and possibly more moving forward).
Without a doubt, AI has dominated 2024, and I believe it will continue to dominate 2025 as well, as I indicated in my recent market outlook article and my top five tech stocks play for this year. While I only intend to share my preferred buy levels and portfolio picks with my subscribers in Ultimate Growth Investing, I also believe in providing insights to readers to do further due diligence into their stocks. Therefore, even though I don’t own SoundHound AI (NASDAQ:SOUN) in my personal portfolio, I still find it interesting in how an unprofitable company that competes as a pure-play Voice AI competitor has garnered such loyalty among its buyers that saw the stock gained more than 900% over the past year, much of it arguably in the last six months.
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