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SoundHound AI (NASDAQ: SOUN) stock is on a roller-coaster ride so far in 2024, rising tremendously in the first three months to hit a 52-week high in mid-March, but has since lost 45% of its value
Juniper Research projects the market for voice AI will top $160 billion by 2026. The explosion of Internet of Things (IoT) devices could create an especially big opportunity for Soundhound AI.
DOCN Revenue Estimates for Current Fiscal Year data by YCharts. However, don't be surprised to see the company delivering stronger growth in both 2025 and 2026.
SoundHound AI (NASDAQ: SOUN) has simply taken off in the past couple of years. Shares of the voice artificial intelligence (AI) solutions provider shot up a phenomenal 1,940% during this period ...
SoundHound AI has two of the most important factors that give a stock multi-bagger potential: small size (with a market cap of $2.9 billion) and a huge addressable market.
Take a look at the chart, which tracks the AI specialist's gross margin trajectory. SOUN Gross Profit Margin (Quarterly) Chart SOUN Gross Profit Margin (Quarterly) data by YCharts