When it comes to artificial intelligence (AI) companies, the "Magnificent Seven" stocks seem to garner much of the attention from media and investors. This cohort, which is comprised of mega-cap behemoths Apple, Microsoft, Alphabet, Amazon, Nvidia, Meta Platforms, and Tesla, are all playing a role in the advancement of artificial intelligence (AI) -- cloud computing, robotics, self-driving cars, semiconductors, and more.

Savvy investors understand that there are a host of other potentially lucrative AI investments beyond the Magnificent Seven, though. One company that comes to mind is voice-recognition software application SoundHound AI (NASDAQ: SOUN). The stock is up a whopping 85% so far in 2024.

Can SoundHound AI stock keep up the momentum? Let's dig in and assess what's going on with the company and determine if investors still have a chance to profit from the action.

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Source Fool.com