Where Will SoundHound AI Stock Be in 5 Years?

SoundHound AI (NASDAQ: SOUN) has delivered stunning gains of 732% in the past year, as of this writing. However, if we take a look at the stock's performance since it went public in April 2022 by merging with a special purpose acquisition company (SPAC), the picture is quite different.Though SoundHound has registered healthy gains of 89% in just under three years since its stock market debut, it has been prone to wild swings. This is evident from the chart below.SoundHound stock took off big time in February last year once it emerged that semiconductor giant Nvidia has a small stake in the company. Though a Nvidia filing with the Securities and Exchange Commission (SEC) revealed an investment of just $3.7 million in shares of this voice artificial intelligence (AI) solutions provider, investors saw this as a vote of confidence in SoundHound's prospects.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool