With Everyone Talking About SoundHound AI, Is It the Next Millionaire-Maker Tech Stock?

Motley Fool03-14

SoundHound AI stock has risen from prior lows following the news of an investment by Nvidia.The company operates in an under-the-radar pocket in the AI landscape, but one that has garnered interest ...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

Vee23
03-14
Vee23
Many tech giants have sound recognition but they are not reliable. Sound hound specialized voice recognition. It's technology used in cars and promising to grow leaps and bound

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2419157085?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-03-14 11:15","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2419157085","market":"us","top_or_hot":-1,"title":"With Everyone Talking About SoundHound AI, Is It the Next Millionaire-Maker Tech Stock?","media":"Motley Fool","content":"<div>\n<p>SoundHound AI stock has risen from prior lows following the news of an investment by Nvidia.The company operates in an under-the-radar pocket in the AI landscape, but one that has garnered interest ...</p>\n\n<a href=\"https://www.fool.com/investing/2024/03/13/with-everyone-talking-about-soundhound-ai-is-this/\">Source Link</a>\n\n</div>\n","source":"fool_stock","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>With Everyone Talking About SoundHound AI, Is It the Next Millionaire-Maker Tech Stock?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWith Everyone Talking About SoundHound AI, Is It the Next Millionaire-Maker Tech Stock?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-03-14 11:15 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2024/03/13/with-everyone-talking-about-soundhound-ai-is-this/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>SoundHound AI stock has risen from prior lows following the news of an investment by Nvidia.The company operates in an under-the-radar pocket in the AI landscape, but one that has garnered interest ...</p>\n\n<a href=\"https://www.fool.com/investing/2024/03/13/with-everyone-talking-about-soundhound-ai-is-this/\">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":"BK4077","symbol_name":"互动媒体与服务","start_time":0,"source_url":"https://www.fool.com/investing/2024/03/13/with-everyone-talking-about-soundhound-ai-is-this/","article_id":"2419157085","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2419157085","pubTimestamp":1710386100,"sourceInfo":{"source_id":"fool_stock","name":"Motley Fool"},"weMediaInfo":null,"summary":"SoundHound AI has caught the attention of investors, the media, and Wall Street as interest in voice-powered AI assistants grows.","collect":0,"end_time":0,"defaultTopTitle":"fool.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4077":"互动媒体与服务","BK4538":"云计算","BK4527":"明星科技股","LU0353189763.USD":"ALLSPRING  US ALL CAP GROWTH FUND \"I\" (USD) ACC","BK4588":"碎股","IE00BZ1G4Q59.USD":"LEGG MASON CLEARBRIDGE US EQUITY SUSTAINABILITY LEADER \"A\"(USD) INC (A)","LU0251142724.SGD":"Fidelity America A-SGD","LU0310800965.SGD":"FTIF - Templeton Global Balanced A Acc SGD","BK4550":"红杉资本持仓","LU0061474705.USD":"THREADNEEDLE (LUX) GLOBAL DYNAMIC REAL RETURN \"AU\" (USD) ACC","IE00BWXC8680.SGD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A5\" (SGD) ACC","BK4503":"景林资产持仓","LU0130102774.USD":"Natixis Harris Associates US Equity RA USD","LU0097036916.USD":"贝莱德美国增长A2 USD","LU0466842654.USD":"HSBC ISLAMIC GLOBAL EQUITY INDEX \"A\" (USD) ACC","LU0158827948.USD":"ALLIANZ GLOBAL SUSTAINABILITY \"A\" (USD) INC","LU0320765059.SGD":"FTIF - Franklin US Opportunities A Acc SGD","LU0234572021.USD":"高盛美国核心股票组合Acc","BK4561":"索罗斯持仓","IE00B1BXHZ80.USD":"Legg Mason ClearBridge - US Appreciation A Acc USD","LU0198837287.USD":"UBS (LUX) EQUITY SICAV - USA GROWTH \"P\" (USD) ACC","LU0276348264.USD":"THREADNEEDLE (LUX) GLOBAL DYNAMIC REAL RETURN\"AUP\" (USD) INC","LU0444971666.USD":"天利全球科技基金","LU0316494557.USD":"FRANKLIN GLOBAL FUNDAMENTAL STRATEGIES \"A\" ACC","LU0061475181.USD":"THREADNEEDLE (LUX) AMERICAN \"AU\" (USD) ACC","LU0149725797.USD":"汇丰美国股市经济规模基金","IE00BKVL7J92.USD":"Legg Mason ClearBridge - US Equity Sustainability Leaders A Acc USD","LU0127658192.USD":"EASTSPRING INVESTMENTS GLOBAL TECHNOLOGY \"A\" (USD) ACC","LU0211328371.USD":"TEMPLETON GLOBAL EQUITY INCOME \"A\" (MDIS) (USD)   INC","LU0029864427.USD":"TEMPLETON GLOBAL \"A\" (USD) INC","LU0557290698.USD":"施罗德环球可持续增长基金","LU0109391861.USD":"富兰克林美国机遇基金A Acc","LU0234570918.USD":"高盛全球核心股票组合Acc Close","LU0170899867.USD":"EASTSPRING INVESTMENTS WORLD VALUE EQUITY  \"A\" (USD) ACC","BK4592":"伊斯兰概念","LU0417517546.SGD":"Allianz US Equity Cl AT Acc SGD","BK4532":"文艺复兴科技持仓","LU0048573561.USD":"FIDELITY AMERICA \"A\" (USD) INC","GOOGL":"谷歌A","IE00BSNM7G36.USD":"NEUBERGER BERMAN SYSTEMATIC GLOBAL SUSTAINABLE VALUE \"A\" (USD) ACC","IE00BJTD4V19.USD":"NEUBERGER BERMAN US LONG SHORT EQUITY \"A1\" (USD) ACC","LU0052756011.USD":"TEMPLETON GLOBAL BALANCED \"A\" (USD) INC","BK4585":"ETF&股票定投概念","LU0312595415.SGD":"Schroder ISF Global Climate Change Equity A Acc SGD","LU0056508442.USD":"贝莱德世界科技基金A2","LU0080751232.USD":"富达环球多元动力基金A","BK4533":"AQR资本管理(全球第二大对冲基金)","LU0310800379.SGD":"FTIF - Templeton Global A Acc SGD","BK4566":"资本集团","LU0128525689.USD":"TEMPLETON GLOBAL BALANCED \"A\"(USD) ACC"},"translate_title":"随着每个人都在谈论SoundHound AI，它是下一个百万富翁制造商科技股吗？","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"GOOGL":0.9},"content_text":"SoundHound AI stock has risen from prior lows following the news of an investment by Nvidia.The company operates in an under-the-radar pocket in the AI landscape, but one that has garnered interest from influential tech enterprises.With the stock up more than 160% so far this year, some may wonder if SoundHound AI can keep up the momentum long-term.There are many different areas that artificial intelligence (AI) has the potential to disrupt. One application that is grabbing attention at the moment is voice recognition software.While there are a host of major players developing AI-powered voice assistants, SoundHound AI is fetching the majority of media coverage thanks to its relationship with Nvidia.Shares of SoundHound AI have soared so far in 2024 -- up a whopping 300%. Investors who bought at all-time lows last January and held on for the ride have undoubtedly made some game-changing profits.Let's dive into SoundHound AI and assess whether the company has the potential to break out and make you a millionaire.Understanding SoundHound AISpeech recognition has many different use cases. SoundHound AI's technology is primarily used in vehicles, restaurants, and smart home appliances. With a customer roster that includes Qualcomm, Toast, Block, and Hyundai, SoundHound AI has proven that it can attract some of the world's leading brands.What investors may not understand is that many big tech companies have invested in businesses similar to SoundHound AI. Two of Apple's more notable acquisitions include voice assistant Siri and music recognition app Shazam. Apple has been integrating Siri throughout its line of hardware products for many years, signaling the company is betting big on the proliferation of voice-powered AI.Moreover, both Amazon and Alphabet leverage voice-recognition software in their lines of smart home appliances. This makes sense, as voice control and AI play integral roles in the Internet of Things (IoT).With an estimated addressable market of $50 billion, SoundHound AI has a greenfield opportunity to seize market share.Image source: Getty Images.Despite its potential, SoundHound AI is still smallSome of the hottest areas fueling the AI narrative at the moment include enterprise software, semiconductors, and accelerated computing. By contrast, AI-based voice recognition is still small relative to other generative AI applications.For the year ended Dec. 31, 2023, SoundHound AI generated $45.9 million in revenue. While this was an increase of 48% year over year, it's obvious that the company is still up and coming. A combination of top-line growth and disciplined cost controls helped the company trim losses by half on an adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) basis last year.This is an encouraging display of financial momentum -- but with only $95 million of cash on the balance sheet, SoundHound AI is going to need to prove that it can turn its burn into positive free cash flow sooner rather than later.Could SoundHound AI help you become a millionaire?SoundHound AI is forecast to increase revenue approximately 50% in both 2024 and 2025, according to Yahoo Finance. Given last year's sales of roughly $46 million, this implies SoundHound AI will reach $100 million in revenue by 2025.For this analysis, I'll assume that SoundHound AI can keep growing revenue at 50% through 2030. Should the company achieve this level of growth, this would result in $780 million of sales by 2030.Additionally, SoundHound AI stock recently traded at a price-to-sales (P/S) ratio of 29.3. Assuming this normalizes to a more reasonable level of 15, for example, SoundHound AI's future market cap would be around $11.7 billion.This is roughly 550% higher than the company's current market cap. This means that a hypothetical investment of $100,000 would be worth $650,000 by 2030 -- far from $1 million.It's important for investors to realize that this analysis was merely a fun exercise in numbers. Given the potential of voice recognition software, and the secular themes fueling AI, it's not unreasonable to think that SoundHound AI could grow its top line by 50% for the next several years. However, as the competitive landscape intensifies and considering the long-run macroeconomic outlook is unknown, I view this as highly unlikely.If you are looking to build wealth, I'd stay away from speculative options such as SoundHound AI. Instead, a more prudent approach is to make monthly contributions to passive vehicles such as index funds. Alternatively, you could also invest in larger companies that are already established leaders in growth sectors such as AI. In either case, you'll be exposed to high-quality, cash-flow-positive businesses -- some of which pay dividends or conduct share buybacks.So while SoundHound AI represents an intriguing opportunity, the company will need to grow at almost unprecedented rates for many consecutive years in order to make you a millionaire.","kind":null,"is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[{"id":284165178843232,"gmtCreate":1710392191495,"gmtModify":1710394304947,"author":{"id":"4156557392857312","authorId":"4156557392857312","name":"Vee23","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","vip":1,"crmLevel":1,"crmLevelSwitch":0,"idStr":"4156557392857312","authorIdStr":"4156557392857312"},"htmlText":"Many tech giants have sound recognition but they are not reliable. Sound hound specialized voice recognition. It's technology used in cars and promising to grow leaps and bound&nbsp;","listText":"Many tech giants have sound recognition but they are not reliable. Sound hound specialized voice recognition. It's technology used in cars and promising to grow leaps and bound&nbsp;","text":"Many tech giants have sound recognition but they are not reliable. Sound hound specialized voice recognition. It's technology used in cars and promising to grow leaps and bound","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/284165178843232","repostId":2419157085,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":20,"commentSize":1,"repostSize":2,"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":"4.29.1","shortVersion":"4.29.1","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/2419157085"}