SoundHound AI Stock Soared Last Week, but Does That Make It a Buy?
Developments in artificial intelligence (AI) are among the most exciting trends in the capital markets right now. One company I've been following for a while is voice recognition software developer SoundHound AI (NASDAQ: SOUN).
Big tech has already shown interest in this space. For example, Apple boasts Siri and Shazam as part of its ecosystem, while Microsoft acquired Nuance for a whopping $20 billion just two years ago. Moreover, both Amazon and have made speech software services an integral part of their smart home products.
On Feb. 15, SoundHound AI stock rocketed 67% higher following news that "Magnificent Seven" member Nvidia had disclosed a stake in the company. While the stock may be taking off, are ties to Nvidia enough to make SoundHound AI a buy?
Source Fool.com
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