SoundHound AI's stock has declined from its peak but still poses significant long-term investment opportunities. The current share price makes it accessible, and a forward stock split isn't imminent due to inadequate justification. The company has shown robust earnings growth, forecasting revenues for 2025 higher than initially predicted. Although Nvidia's recent actions raised concerns, SoundHound believes the market's reaction was exaggerated, reinforcing confidence in its growth prospects and technology offerings.
...the current stock price isn't high enough to warrant a stock split. At less than $12 a share, it's easily accessible to most investors.
...SOUN is still a solid long-term bet. This is the company that provides voice control and audio analytics software to automakers and restaurants.
SoundHound expects 2025 revenue to be between $157 million to $177 million, compared to previous guidance of $155 million to $175 million.
...Chief Executive Keyvan Mohajer stated, 'In our opinion, there was a bit of an overreaction' regarding Nvidia selling their shares in SOUN.
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