SoundHound AI (NASDAQ: SOUN) has emerged as a leader in conversational artificial intelligence (AI) with a technology platform empowering various speech-enabled applications.

Strong growth has propelled the stock to more than double in value over the past year. At the same time, shares are also down 51% from their 52-week high as the market assesses the company's long-term financial potential.

While this type of volatility warrants some caution, the recent sell-off can offer an opportunity for investors to pick up discounted shares of a company that has significant potential. Is now the time to buy SoundHound AI stock?

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Source Fool.com