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Stock impact report

Is SoundHound AI the Next Millionaire-Maker Tech Stock? [Yahoo! Finance]

SoundHound AI, Inc. (SOUN) 
Company Research Source: Yahoo! Finance
Magnificent Seven " members Microsoft Apple Amazon Alphabet , and Nvidia are all investing heavily in AI-powered speech. Yet despite big tech's pursuit of this technology, a smaller player has made headlines this year. SoundHound AI (NASDAQ: SOUN) specializes in voice-recognition software for the restaurant, automobile, and smart home industries. Earlier this year, shares of SoundHound AI soared following news that Nvidia is an investor with the company Although the stock has retreated from its peak levels, it's still up over 80% year to date. When you compare that to the 3% return of the Nasdaq Composite , you might be wondering if SoundHound AI can be a million-dollar opportunity. AI-powered voice technology is an enormous market The market for voice-recognition technology could reach $50 billion by 2029, according to Statista. Considering this tech can be integrated into vehicles, smart-home appliances, and various business settings, it's easy to see why so many of the w Show less Read more
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