SoundHound AI Stock Is Down 60% From Its All-Time High. Can This Brilliant AI Stock Provide Supercharged Returns?

SoundHound AI (NASDAQ: SOUN) was one of the best-performing stocks in 2024, rising 836%. At its peak, the stock was up a jaw-dropping 1,040% -- but that was last year. Since peaking in December, SoundHound AI has sold off incredibly quickly and now sits around 60% off its all-time high. TThat's a tough pill to swallow for anyone who bought at the top, but is this a buying opportunity for those who missed the initial run-up?SoundHound AI is clearly an artificial intelligence company, but what sets it apart from other AI investments? SoundHound AI is focused on audio inputs for AI models rather than text inputs. Think of all the situations in which speaking is needed rather than being able to type on a keyboard, and it becomes quite clear that there is a huge opportunity for SoundHound AI's software to be implemented.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool