SOUN Stock: Is SoundHound AI the Voice of the GenAI Revolution or Just Hype?

InvestorPlace03-28

SoundHound AI (SOUN) is one of the hottest GenAI stocks of 2024. Its point solutions are already helping restaurants and will be embedded in cars. Seeking the low-hanging fruit. Source: T. ...

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

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2422193681?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-03-28 20:06","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2422193681","market":"us","top_or_hot":-1,"title":"SOUN Stock: Is SoundHound AI the Voice of the GenAI Revolution or Just Hype?","media":"InvestorPlace","content":"<div>\n<p>SoundHound AI (SOUN) is one of the hottest GenAI stocks of 2024.\nIts point solutions are already helping restaurants and will be embedded in cars.\nSeeking the low-hanging fruit.\n\n\n\n\n\n \n\nSource: T. ...</p>\n\n<a href=\"https://investorplace.com/2024/03/soun-stock-is-soundhound-ai-the-voice-of-the-genai-revolution-or-just-hype/\">Source Link</a>\n\n</div>\n","source":"investorplace_stock_picks","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>SOUN Stock: Is SoundHound AI the Voice of the GenAI Revolution or Just Hype?</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\">\nSOUN Stock: Is SoundHound AI the Voice of the GenAI Revolution or Just Hype?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-03-28 20:06 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://investorplace.com/2024/03/soun-stock-is-soundhound-ai-the-voice-of-the-genai-revolution-or-just-hype/><strong>InvestorPlace</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>SoundHound AI (SOUN) is one of the hottest GenAI stocks of 2024.\nIts point solutions are already helping restaurants and will be embedded in cars.\nSeeking the low-hanging fruit.\n\n\n\n\n\n \n\nSource: T. ...</p>\n\n<a href=\"https://investorplace.com/2024/03/soun-stock-is-soundhound-ai-the-voice-of-the-genai-revolution-or-just-hype/\">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":"BK4529","symbol_name":"IDC概念","start_time":0,"source_url":"https://investorplace.com/2024/03/soun-stock-is-soundhound-ai-the-voice-of-the-genai-revolution-or-just-hype/","article_id":"2422193681","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2422193681","pubTimestamp":1711627564,"sourceInfo":{"source_id":"investorplace_stock_picks","name":"InvestorPlace stock picks"},"weMediaInfo":null,"summary":"By focusing on the low-hanging fruit of embedded devices, SOUN stock can grow fast without breaking things.","collect":0,"end_time":0,"defaultTopTitle":"investorplace.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4529":"IDC概念","LU0511384066.AUD":"SUSTAINABLE GLOBAL THEMATIC PORTFOLIO \"A\" (AUDHDG) ACC","TQQQ":"纳指三倍做多ETF","NVDA":"英伟达","BK4528":"SaaS概念","LU0061475181.USD":"THREADNEEDLE (LUX) AMERICAN \"AU\" (USD) ACC","QLD":"纳指两倍做多ETF","QQQ":"纳指100ETF","IE0034235188.USD":"PINEBRIDGE GLOBAL FOCUS EQUITY \"A\" (USD) ACC","LU0130103400.USD":"Natixis Harris Associates Global Equity RA USD","PSQ":"纳指反向ETF","LU0127658192.USD":"EASTSPRING INVESTMENTS GLOBAL TECHNOLOGY \"A\" (USD) ACC","IE0009356076.USD":"JANUS HENDERSON GLOBAL TECHNOLOGY AND INNOVATION \"A2\" (USD) ACC","LU0256863811.USD":"ALLIANZ US EQUITY \"A\" INC","BK4576":"AR","LU0348723411.USD":"ALLIANZ GLOBAL HI-TECH GROWTH \"A\" (USD) INC","SQQQ":"纳指三倍做空ETF","LU0528227936.USD":"富达环球人口趋势基金A-ACC","LU0128525929.USD":"TEMPLETON GLOBAL \"A\" (USD) ACC","IE00BJTD4N35.SGD":"Neuberger Berman US Long Short Equity A1  Acc SGD-H","IE0034235295.USD":"PINEBRIDGE GLOBAL DYNAMIC ASSET ALLOCATION \"A\" (USD) ACC","IE0004445239.USD":"JANUS HENDERSON US FORTY \"A2\" (USD) ACC","IE00BJTD4V19.USD":"NEUBERGER BERMAN US LONG SHORT EQUITY \"A1\" (USD) ACC","LU0053666078.USD":"摩根大通基金-美国股票A（离岸）美元",".IXIC":"NASDAQ Composite","LU2237443382.USD":"Aberdeen Standard SICAV I - Global Dynamic Dividend A MIncA USD","LU0312595415.SGD":"Schroder ISF Global Climate Change Equity A Acc SGD","BK4550":"红杉资本持仓","GB00BDT5M118.USD":"天利环球扩展Alpha基金A Acc","MSFT":"微软","BK4141":"半导体产品","LU0082616367.USD":"摩根大通美国科技A（dist）","LU2237443549.SGD":"Aberdeen Standard SICAV I - Global Dynamic Dividend A MIncA SGD-H","GB00B4QBRK32.GBP":"FUNDSMITH EQUITY \"R\" (GBP) INC","LU0310800379.SGD":"FTIF - Templeton Global A Acc SGD","LU0109391861.USD":"富兰克林美国机遇基金A Acc","BK4551":"寇图资本持仓","GB00B4LPDJ14.GBP":"FUNDSMITH EQUITY \"R\" (GBP) ACC","GOOG":"谷歌","LU2237443622.USD":"Aberdeen Standard SICAV I - Global Dynamic Dividend A Acc USD","SOUN":"SoundHound AI Inc","IE00BKDWB100.SGD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A5H\" (SGDHDG) ACC","LU1914381329.SGD":"Allianz Best Styles Global Equity Cl ET Acc H2-SGD","GOOGL":"谷歌A","LU1804176565.USD":"EASTSPRING INV GLOBAL GROWTH EQUITY \"A\" (USD) ACC","QID":"纳指两倍做空ETF","LU0353189763.USD":"ALLSPRING  US ALL CAP GROWTH FUND \"I\" (USD) ACC","LU1280957306.USD":"THREADNEEDLE (LUX) US CONTRARIAN CORE EQUITIES \"AUP\" (USD) INC"},"translate_title":"SOUN Stock：SoundHound AI是GenAI革命的声音还是只是炒作？","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"SOUN":1,"NVDA":1,"MSFT":1,"GOOG":1,"GOOGL":1,".IXIC":0.9,"PSQ":0.6,"QID":0.6,"QLD":0.6,"QQQ":0.6,"SQQQ":0.6,"TQQQ":0.6,"MNQmain":0.6,"NQmain":0.6},"content_text":"SoundHound AI (SOUN) is one of the hottest GenAI stocks of 2024.\nIts point solutions are already helping restaurants and will be embedded in cars.\nSeeking the low-hanging fruit.\n\n\n\n\n\n \n\nSource: T. Schneider / Shutterstock.com\n\n\n\nGenerative AI (GenAI) infrastructure is the hottest market out there right now. But after the clouds are full, who will make it rain? SoundHound AI (NASDAQ:SOUN) stock promises to do that. It’s a voice company tied to GenAI. SoundHound products can understand human speech, process requests through a Large Language Model (LLM) and respond with a computer-generated voice.\nThis has made SOUN stock hot. It’s up 183% in just the last three months. The market cap is $1.8 billion on 2023 sales of just $46 million.\nIs this rise justified? Yes and no.\nWhy SoundHound\nFirst, SoundHound is growing like a weed. Sales were $17.1 million in the last quarter, but that was up 80% over a year earlier. Its gross margin on those sales was 75%, but the company reported a net loss of 40 cents/share as it worked to feed the growth.\nSoundHound has established itself in two niches.\nBuying SYNQ3 in December made it the leader in the restaurant voice niche.\nRestaurants can use SoundHound at kiosks or over the phone to take orders and reservations. This means they can handle the lunch rush without adding staff. They can funnel reservations to a central point and know where a chain’s tables will be available.\nAt the time of the acquisition SYNQ3 had 100,000 restaurants in the pipeline and 10,000 partnerships.\nThe second niche is cars, where SoundHound can deliver ChatGPT services without a network connection.  Its service, called Iris, is already going into Stellantis (NASDAQ:STLA) cars using Nvidia (NASDAQ:NVDA) Drive. That means your car will be able to answer questions, in 17 languages, both about the car and the world around it, by accessing maps.\nSoundHound has barely scratched the GenAI voice market niche. Hospitals, governments, retailers, anything that can face a rush of calls, could now handle them. All kinds of consumer products, like TVs, can use it. Nvidia builds AI infrastructure, but as CEO Keyvan Mohajer notes, SoundHound puts it to use. The company estimates the value of its niche at $100 billion.\nLimits to Growth\nSoundHound’s fat valuation makes it prone to downdrafts when investors shed risk.\nThe stock has already experienced two just in March. Insider selling, including by CEO Mohajer,  has helped the bear case.\nSoundHound also faces a host of competitors in voice AI, including technology from Alphabet (NASDAQ:GOOGL, NASDAQ:GOOG) and Microsoft (NASDAQ:MSFT). GenAI voice embedded in an operating system could cut SoundHound off at the knees, say the bears.\nSoundHound is sidestepping the competition by limiting itself to point solutions, embedding its technology in Nvidia chips. The car technology, for instance, does not need any server connection to work. The SoundHound solution is hardware and software, built into the car. \nBut any stock can overshoot. SoundHound is no exception. Almost half the SoundHound shares traded off the exchange are now being shorted. Bears call its valuation stretched. Embedding software in hardware, building point technologies, may limit long-term growth, the bears say.\nThe Bottom Line\nThe bears have a point. Because of its approach to the market, SoundHound will be a niche player in the GenAI sweepstakes.\nThis lets it grab a lot of the market’s low-hanging fruit. Voice interfaces tied to proprietary databases can be set up to deliver profits quickly.\nBut this is a limited market. Think of the CD player in your old car, or the speaker outside your favorite fast food joint. Point solutions have a limited lifespan.\nThe big bucks in AI will come from cloud applications that update centrally, and continuously, that don’t become obsolete. SOUN stock won’t be competing with Microsoft for this market. That’s great in the short run. In the long run, your upside is limited.\nAs of this writing, Dana Blankenhorn had LONG positions in NVDA, MSFT and GOOGL. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.\nDana Blankenhorn has been a financial and technology journalist since 1978. He is the author of Technology’s Big Bang: Yesterday, Today and Tomorrow with Moore’s Law, available at the Amazon Kindle store. Write him at danablankenhorn@gmail.com, tweet him at @danablankenhorn, or subscribe to his free Substack newsletter.\nDana Blankenhorn has been a financial and technology journalist since 1978. He is the author of Technology’s Big Bang: Yesterday, Today and Tomorrow with Moore’s Law, available at the Amazon Kindle store. Tweet him at @danablankenhorn, connect with him on  Mastodon or subscribe to his Substack.Artificial Intelligence, TechnologyGrowth Stocks \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/soun-stock-is-soundhound-ai-the-voice-of-the-genai-revolution-or-just-hype/.\n©2024 InvestorPlace Media, LLC","kind":null,"is_publish_news":null,"is_publish_highlight":null,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":3,"commentSize":0,"repostSize":0,"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":"4.22.4","shortVersion":"4.22.4","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/2422193681"}