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Stock impact report

Prediction: 2 Stocks That Will Be Worth More Than SoundHound AI a Year From Now [Yahoo! Finance]

SoundHound AI, Inc. - Class A (SOUN) 
Company Research Source: Yahoo! Finance
4 min read In This Article SG SoundHound AI (NASDAQ: SOUN) has been one of the big winners in the AI boom so far. Shares of the voice-activated AI specialist jumped by more than 800% last year, though it has cooled off a bit since. Investors have bet on the fast-growing company, which got its start as a music identification app like Shazam and now provides technology for automakers, restaurants, and other businesses to run voice-activated systems. SoundHound has been growing fast as well, with revenue up 89% in the third quarter to $25.1 million, though acquisitions have helped drive that growth. The stock trades at a sky-high valuation with a price-to-sales ratio of 63. That and a lack of profitability could set it up for a pullback this year since most of last year's gains seem to be due to hype on its association with AI. The following two stocks look like good bets to be more valuable than SoundHound AI one year from now. Image source: Getty Images. 1. GXO Logis Show less Read more
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