Nvidia Owns a Stake in SoundHound AI Stock. (You Should Too!)

InvestorPlace03-10

SoundHound AI (SOUN) missed analysts’ top- and bottom-line quarterly estimates. However, SoundHound AI’s revenue growth is still quite impressive. Investors should consider adding a few shares of SOUN...

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(You Should Too!)\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-03-10 03:25 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://investorplace.com/2024/03/nvidia-owns-a-stake-in-soundhound-ai-stock-you-should-too/><strong>InvestorPlace</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>SoundHound AI (SOUN) missed analysts’ top- and bottom-line quarterly estimates.\nHowever, SoundHound AI’s revenue growth is still quite impressive.\nInvestors should consider adding a few shares of SOUN...</p>\n\n<a href=\"https://investorplace.com/2024/03/nvidia-owns-a-stake-in-soundhound-ai-stock-you-should-too/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU0640476718.USD","symbol_name":"THREADNEEDLE (LUX) US CONTRARIAN CORE EQ \"AU\" (USD) ACC","start_time":0,"source_url":"https://investorplace.com/2024/03/nvidia-owns-a-stake-in-soundhound-ai-stock-you-should-too/","article_id":"2418845868","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2418845868","pubTimestamp":1710012350,"columns":[],"sourceInfo":{"source_id":"investorplace_stock_picks","name":"InvestorPlace stock picks"},"weMediaInfo":null,"summary":"SOUN stock looks intriguing now as SoundHound AI specializes in a machine-learning niche market that could be explosive in the coming years.","collect":0,"end_time":0,"defaultTopTitle":"investorplace.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"LU0640476718.USD":"THREADNEEDLE (LUX) US CONTRARIAN CORE EQ \"AU\" (USD) ACC","IE00B1XK9C88.USD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A\" (USD) ACC","BK4587":"ChatGPT概念","LU0353189680.USD":"富国美国全盘成长基金Cl A Acc","IE00BJJMRY28.SGD":"Janus Henderson Balanced A Inc SGD","LU0061474960.USD":"天利环球焦点基金AU Acc","LU0109391861.USD":"富兰克林美国机遇基金A Acc","IE0004445239.USD":"JANUS HENDERSON US FORTY \"A2\" (USD) ACC","LU0719512351.SGD":"JPMorgan Funds - US Technology A (acc) SGD","IE00BMPRXN33.USD":"NEUBERGER BERMAN 5G CONNECTIVITY \"A\" (USD) ACC","LU0109392836.USD":"富兰克林科技股A","LU0353189763.USD":"ALLSPRING  US ALL CAP GROWTH FUND \"I\" (USD) ACC","BK4550":"红杉资本持仓","IE0004445015.USD":"JANUS HENDERSON BALANCED \"A2\" (USD) ACC","LU0642271901.SGD":"Janus Henderson Horizon Global Technology Leaders A2 SGD-H","BK4533":"AQR资本管理(全球第二大对冲基金)","BK4141":"半导体产品","LU0466842654.USD":"HSBC ISLAMIC GLOBAL EQUITY INDEX \"A\" (USD) ACC","LU0097036916.USD":"贝莱德美国增长A2 USD","LU0689472784.USD":"安联收益及增长基金Cl AM AT Acc","BK4551":"寇图资本持仓","IE0034235188.USD":"PINEBRIDGE GLOBAL FOCUS EQUITY \"A\" (USD) ACC","NVDA":"英伟达","IE00B1BXHZ80.USD":"Legg Mason ClearBridge - US Appreciation A Acc USD","IE00B3M56506.USD":"NEUBERGER BERMAN EMERGING MARKETS EQUITY \"A\" (USD) ACC","SOUN":"SoundHound AI Inc","IE00BD6J9T35.USD":"NEUBERGER BERMAN NEXT GENERATION MOBILITY \"A\" (USD) ACC","LU0198837287.USD":"UBS (LUX) EQUITY SICAV - USA GROWTH \"P\" (USD) ACC","LU0444971666.USD":"天利全球科技基金","LU0708995401.HKD":"FRANKLIN U.S. OPPORTUNITIES \"A\" (HKD) ACC","LU0061475181.USD":"THREADNEEDLE (LUX) AMERICAN \"AU\" (USD) ACC","BK4549":"软银资本持仓","LU0127658192.USD":"EASTSPRING INVESTMENTS GLOBAL TECHNOLOGY \"A\" (USD) ACC","BK4548":"巴美列捷福持仓","IE0009356076.USD":"JANUS HENDERSON GLOBAL TECHNOLOGY AND INNOVATION \"A2\" (USD) ACC","LU0256863811.USD":"ALLIANZ US EQUITY \"A\" INC","BK4529":"IDC概念","LU0348723411.USD":"ALLIANZ GLOBAL HI-TECH GROWTH \"A\" (USD) INC","BK4554":"元宇宙及AR概念","BK4532":"文艺复兴科技持仓","LU0170899867.USD":"EASTSPRING INVESTMENTS WORLD VALUE EQUITY  \"A\" (USD) ACC","IE00B19Z9505.USD":"美盛-美国大盘成长股A Acc","IE00BJJMRX11.SGD":"Janus Henderson Balanced A Acc SGD","BK4567":"ESG概念","LU0079474960.USD":"联博美国增长基金A","BK4534":"瑞士信贷持仓","IE00BKDWB100.SGD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A5H\" (SGDHDG) ACC","BK4585":"ETF&股票定投概念","GB00BDT5M118.USD":"天利环球扩展Alpha基金A Acc","LU0056508442.USD":"贝莱德世界科技基金A2"},"translate_title":"英伟达拥有SoundHound AI股票的股份。（你也应该这样！）","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"SOUN":1,"NVDA":1},"content_text":"SoundHound AI (SOUN) missed analysts’ top- and bottom-line quarterly estimates.\nHowever, SoundHound AI’s revenue growth is still quite impressive.\nInvestors should consider adding a few shares of SOUN stock to their portfolios.\n\n\n\n\n\n \n\nSource: Poetra.RH / Shutterstock.com\n\n\n\nNot long ago, The Wall Street Journal reported that Nvidia (NASDAQ:NVDA) owned approximately 1.7 million shares of SoundHound AI (NASDAQ:SOUN). Surely, it’s fair to call Nvidia a kingmaker in artificial intelligence. Therefore, investors should conduct their due diligence on SoundHound AI and then consider buying some SOUN stock. \nBefore you hit the “buy” button, though, you’ll need to understand why SoundHound AI isn’t just another machine-learning-focused company. Once you get to know SoundHound AI and see how the company is growing, you’ll almost certainly be ready to make a small investment. \nWhat Makes SoundHound AI Different\nPlenty of companies specialize in artificial intelligence, but have you heard about conversational intelligence? That’s SoundHound AI’s focus. In particular, the company “offers voice AI solutions that let businesses offer incredible conversational experiences to their customers.”\nSoundHound AI co-founder and CEO Keyvan Mohajer provided further explanation to Yahoo! Finance. He stated that SoundHound AI is “enabling cars and TVs… millions of devices, and we are powering customer service, we are in 10,000 locations with 100,000 in our pipeline…”\nNow, Nvidia’s stake in SOUN stock makes a lot of sense. Just as Nvidia is the undisputed champion of AI graphics processing units, SoundHound AI is positioning itself as a leader in AI-powered customer-service products.\nSoundHound AI recently introduced a “voice assistant with integrated ChatGPT” functionality for automobiles. Thus, SoundHound AI is a pioneer in what could prove to be a hyper-growth niche machine-learning market. \nSoundHound AI’s Quarterly Revenue Stunner\nSoundHound AI might be “in 10,000 locations with 100,000” more in the company’s pipeline, but does this translate to revenue growth? The answer is definitely yes, and SoundHound AI has the data points to prove it. \nDuring 2023’s fourth quarter, SoundHound AI generated revenue of $17.1 million, up 80% year over year. That’s a result that even the most reluctant investors have to respect.\nSoundHound AI appears to be closing the profitability gap. Specifically, the company reported a Q4 2023 a net earnings loss of 7 cents per share, versus a net loss of 15 cents per share in the year-earlier quarter. \nLooking ahead, SoundHound AI expects to generate full-year 2024 revenue of $63 million to $77 million. Then, the company’s outlook calls for 2025 revenue “exceeding $100 million.” This would represent rapid revenue acceleration, as SoundHound AI’s revenue for 2023 was $45.9 million.\nSOUN Stock: A Niche AI Winner in the Making\nThink about how successful Nvidia is in the area of AI GPUs. Could SoundHound AI become similarly successful in voice AI? It’s a possibility worth considering.\nTo put it another way, SoundHound AI is a specialist in a niche AI market that could expand quickly in the coming quarters. Besides, SoundHound AI’s revenue growth is indisputable.\nIt makes perfect sense, then, that Nvidia has a stake in SoundHound AI. Consequently, investors ought to research the company thoroughly and then pick up a few SOUN stock shares.\nOn the date of publication, David Moadel did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.\nDavid Moadel has provided compelling content – and crossed the occasional line – on behalf of Motley Fool, Crush the Street, Market Realist, TalkMarkets, TipRanks, Benzinga, and (of course) InvestorPlace.com. He also serves as the chief analyst and market researcher for Portfolio Wealth Global and hosts the popular financial YouTube channel Looking at the Markets.Artificial Intelligence, Technology \n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nSubmit\n\n\n\n\n\n\n\nArticle printed from InvestorPlace Media, https://investorplace.com/2024/03/nvidia-owns-a-stake-in-soundhound-ai-stock-you-should-too/.\n©2024 InvestorPlace Media, LLC","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":5,"commentSize":0,"repostSize":1,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2418845868"}