Is This a Sign That SoundHound AI Is Becoming a Safer Stock to Buy?
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SoundHound AI (NASDAQ: SOUN) emerged as a top artificial intelligence (AI) stock to own this year after investors learned that Nvidia had invested in the business. It was a great vote of confidence in the up-and-coming voice AI business that the prestigious company invested in its operations. Many retail investors saw this as a sign that SoundHound may be the real deal and the next big AI stock to own.But when SoundHound reported its earnings numbers, it didn't exactly prove that it was the next Nvidia, and some of that excitement has cooled off. The company was growing at a fast rate, but its operations have been unprofitable, and it's been dependent on a particular sector of the economy (automotive) for growth.In the company's most recent earnings report, its revenue numbers looked better and the business appeared more diverse. Does this mean that SoundHound is less risky to invest in? Could this be an ideal time to buy shares of this AI stock?Continue readingWeiter zum vollständigen Artikel bei MotleyFool
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