Generative AI Is Exploding: 2 Monster Stocks to Buy Now [Yahoo! Finance]
SoundHound AI, Inc. (SOUN)
Company Research
Source: Yahoo! Finance
Demand for generative AI , which can create intelligent responses, images, and videos from simple text instructions, is booming and expected to grow exponentially in the years to come. Some of the most widely used generative AI applications are OpenAI's ChatGPT, Google's Gemini, and Microsoft Copilot. ChatGPT has more than 200 million weekly active users, but overall, the generative AI market could increase approximately 10-fold to $356 billion by 2030, according to Statista. Here are two stocks to cash in on this opportunity. 1. Soundhound AI One area where demand for generative AI is taking off is conversational voice assistants, where Soundhound AI (NASDAQ: SOUN) is emerging as a leader. The company is seeing strong demand from car manufacturers for Soundhound Chat AI, a conversational generative AI assistant. But the company is aiming to expand to more industries. Soundhound has also gained a solid foothold in the restaurant industry. More restaurants have started to rea
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SOUN
News
- SoundHound: Acquisition Makes Me Jittery [Seeking Alpha]Seeking Alpha
- SoundHound AI, Inc. (SOUN) Suffers a Larger Drop Than the General Market: Key Insights [Yahoo! Finance]Yahoo! Finance
- Here is What to Know Beyond Why SoundHound AI, Inc. (SOUN) is a Trending Stock [Yahoo! Finance]Yahoo! Finance
- SoundHound AI, Inc. (NASDAQ: SOUN) had its "buy" rating re-affirmed by analysts at DA Davidson. They now have a $9.50 price target on the stock.MarketBeat
- Here's How the Fed's Big Rate Cut Could Affect These 2 Artificial Intelligence (AI) Stocks [Yahoo! Finance]Yahoo! Finance
SOUN
Earnings
- 8/8/24 - Beat
SOUN
Sec Filings
- 9/24/24 - Form 4
- 9/24/24 - Form 4
- 9/24/24 - Form 4
- SOUN's page on the SEC website