Is SoundHound AI Stock a Buy Now?
SoundHound AI (NASDAQ: SOUN) can be a polarizing stock. Despite two decades of operating history and an order backlog of more than $1 billion, the company is in the early innings of collecting revenues and probably a couple of years away from turning a profit.
But SoundHound AI is a leader in a promising field. The company uses advanced artificial intelligence (AI) to help humans and machines communicate via voice commands. The long-term target market looks enormous.
With fourth-quarter results due in the next few weeks, the stock has fallen more than 55% over the past four months. Here's why I see a fantastic buying opportunity in this price drop.
Source Fool.com
