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Stock impact report

Is This a Sign That SoundHound AI Is Becoming a Safer Stock to Buy? [Yahoo! Finance]

SoundHound AI, Inc. (SOUN) 
Company Research Source: Yahoo! Finance
It was a great vote of confidence in the up-and-coming voice AI business that the prestigious company invested in its operations. Many retail investors saw this as a sign that SoundHound may be the real deal and the next big AI stock to own. But when SoundHound reported its earnings numbers, it didn't exactly prove that it was the next Nvidia, and some of that excitement has cooled off. The company was growing at a fast rate, but its operations have been unprofitable, and it's been dependent on a particular sector of the economy (automotive) for growth. Are You Missing The Morning Scoop? Wake up with Breakfast news in your inbox every market day. Sign Up For Free » In the company's most recent earnings report, its revenue numbers looked better and the business appeared more diverse. Does this mean that SoundHound is less risky to invest in? Could this be an ideal time to buy shares of this AI stock A big concern for investors is when a business is highly reliant on a single cu Show less Read more
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