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Is SoundHound AI Stock a Buy Now?

TheMotleyFool

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Is SoundHound AI Stock a Buy Now?: https://g.foolcdn.com/editorial/images/843713/ai-voice-chatbot-on-phone_gettyimages-1432457969-1200x800-9b9f185.png

The artificial intelligence (AI) sector remains a great area to invest in. The industry is forecast to hit $255 billion in 2025 and grow rapidly to a jaw-dropping $1.7 trillion by 2031. But that doesn't mean all AI stocks are good investments.

Take, for example, the curious case of SoundHound AI (NASDAQ: SOUN). Last December, the company's stock reached a 52-week high of $24.98. Yet about a year later, shares have lost more than half their value. This is despite SoundHound reporting record third-quarter revenue of $42 million.

Does the fall in share price suggest avoiding the stock? Or perhaps the drop means now is the time to invest in this tech business focused on voice-enabled AI? Let's dive in to find out.

Source Fool.com

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