No Excuses! Buy SoundHound AI Stock Before It Revisits $10.


  • SoundHound AI (SOUN) is partnering with Perplexity to provide better responses to voice queries in automobiles.
  • SoundHound AI guided for robust current-quarter revenue growth.
  • Investors should think about taking a small share position in SoundHound AI stock.
SoundHound AI stock - No Excuses! Buy SoundHound AI Stock Before It Revisits $10.

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Could this be your best artificial intelligence play of 2024? Consider this question when you’re conducting your due diligence on voice AI technology developer SoundHound AI (NASDAQ:SOUN). Now that SoundHound AI stock has already crashed, you can seize the moment and potentially double your money with a well-timed investment.

The SoundHound AI share price briefly touched $10 in mid-March before getting cut in half. If there’s another big rally, it could equate to 100% gains or more. But before you jump into the trade, be sure to gather the most important facts and circumstances for SoundHound AI — and that’s exactly what we’ll do right now.

SoundHound AI Partners to Advance Automotive Voice AI

One of the most obvious applications of voice AI is in cars, trucks, vans and so on. SoundHound AI is teaming up with Perplexity to provide better responses to voice queries in automobiles.

This partnership combines Perplexity’s conversational AI-powered answer engine with SoundHound AI’s voice assistant. The goal will be to provide accurate and up-to-date in-vehicle responses to drivers’ voice queries.

One can easily envision this type of technology being standard in all new automobiles someday. Imagine getting immediate and accurate responses to voice queries like, “How does the price of gas this week compare to last week?” and, “Where’s the nearest gas station?”

It won’t happen next week, but the technology produced by the Perplexity-SoundHound AI collaboration could eventually prove to be a game changer.

SoundHound AI Guides for Robust Revenue Growth

There’s a notable divergence, as SoundHound AI stock recently crashed, but the company’s revenue is snowballing. This is exactly the type of buying opportunity that enterprising investors should look for.

Impressively, SoundHound AI grew its first-quarter 2024 revenue 73% year over year to $11.594 million. The company reported a quarterly adjusted (non-GAAP) earnings loss of 7 cents per share. That’s not a deep loss, considering the share price is around $5.

Here’s the best part, though. SoundHound AI guided for full-year 2024 revenue of $65 million to $77 million.

Since SoundHound AI generated $11.594 million in first-quarter revenue, the company’s guidance range implies significant revenue acceleration during the year’s remaining quarters.

SoundHound AI Stock: Time to Play Double or Nothing

I previously recommended taking a small share position in SoundHound AI, and I’m sticking to that call. SoundHound AI’s partnership with Perplexity could someday set a new standard for automotive voice AI technology.

Moreover, SoundHound AI’s full-year revenue guidance implies robust growth. So, if SoundHound AI stock is anywhere near $5 or even $6, now is the time to make a moderately sized investment.

Then, set your sights on a price target of $10, or even higher than that if you have a firm belief in SoundHound AI.

On 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 Publishing Guidelines.

David 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) 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.

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