Is SoundHound AI a Buy?
Artificial intelligence (AI) stocks are attracting significant attention, as technology companies compete to offer the best AI services. There have already been some big winners, like semiconductor company Nvidia, but there are plenty of AI stocks that once looked like a sure bet and seem less so now.
SoundHound AI (NASDAQ: SOUN) is one such company. The company's stock soared 300% over the past three years, but is down 45% since the beginning of this year. Lots of small start-ups have volatile share prices, so it's worth taking a closer look at SoundHound AI to see what's happening with the company.
While its tech is promising, I think it's best not to buy SoundHound AI stock right now. Here's why.
Source Fool.com
