Could SoundHound AI Stock Help You Become a Millionaire?
The rising popularity of artificial intelligence (AI) has attracted increased investor interest in SoundHound AI (NASDAQ: SOUN). As the name implies, it applies AI technology to voice-recognition applications, and numerous industries have taken an interest in its offerings.
Additionally, SoundHound trades at a market cap of less than $500 million. That situation may have investors sensing the potential for outsized gains, as stocks like Amazon and once traded at similar market caps. But could SoundHound grow to such levels and make investors that buy now millionaires? Let's take a closer look.
To understand the company's potential, one must understand the value it brings. Unlocking the value of voice recognition technology was probably on the mind of computer scientist Keyvan Mohajer when he founded SoundHound in 2005. The company launched the Midomi app the following year, which could identify music or songs from human voice, and so turning seemingly random tunes meaningful.
Source Fool.com
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