Up by Around 560% Since the Start of 2024, Is This Remarkable AI Stock Still a Buy?

Few stocks have been on a run like SoundHound AI (NASDAQ: SOUN) has over the past year. It rose by more than 1,000% at one point during 2024, though it has come down by about 42% from its December peak. Yet with the stock still up by around 560% since 2024 began, many investors may wonder if this artificial intelligence (AI) stock remains a good pick from here. On the one hand, the adoption of its software seems practically unstoppable, and SoundHound is projected to double its revenue in 2025. On the other, the stock is priced at a steep premium. Is it worth it?Most AI models available today require a text input to trigger a response. This has been the approach for nearly all generative AI models like ChatGPT or DeepSeek's R1. However, the need to type in text limits their use cases. There are many situations where having the ability to simply speak to an AI would be far superior, which is why SoundHound AI's stock has gotten a lot of attention.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool