Is Nvidia's Investment a Massive Game-Changer for SoundHound AI?
Companies invest in other companies all the time with no fanfare. But heads turn when a company the size and stature of Nvidia (NASDAQ: NVDA) does it. This was the case when an Nvidia filing revealed a $3.7 million position in SoundHound AI (NASDAQ: SOUN). As you can see, the stock shot up overnight.
For perspective, SoundHound has a market cap of around $1 billion, so this investment is well under 1% of its market cap and almost nothing to Nvidia's nearly $2 trillion market cap. But this wasn't the only news. SoftBank Group, which invests in many successful tech companies (like Arm Holdings (NASDAQ: ARM), which you can read about here), purchased 1.1 million shares in fourth-quarter 2023. Neither of these investments breaks the bank, but they have investors asking: What exactly does this SoundHound company do, and is it an excellent investment?
The days of a person taking your order at fast-food restaurants are ending. Sure, humans will still be needed to oversee it, but voice recognition technology will do the heavy lifting. Automobiles are also advancing voice recognition and AI-powered virtual assistants. SoundHound's tech allows people to communicate conversationally to make complex orders or queries. It's incredible stuff.
Source Fool.com
SoftBank Group Aktie
Noch kein Trend absehbar bei SoftBank Group mit nur einigen Einschätzungen.
Ein positives, wenn auch bescheidenes, Potenzial für SoftBank Group mit einem Kursziel von 50 € im Vergleich zum aktuellen Kurs von 48.4 €.
