Microsoft strongly encourages users to switch to a different browser than Internet Explorer as it no longer meets modern web and security standards. Therefore we cannot guarantee that our site fully works in Internet Explorer. You can use Chrome or Firefox instead.

This Magnificent Artificial Intelligence (AI) Stock Could Jump Between 69% and 135% in 2024, According to Wall Street

TheMotleyFool

0 0

This Magnificent Artificial Intelligence (AI) Stock Could Jump Between 69% and 135% in 2024, According to Wall Street: https://g.foolcdn.com/editorial/images/755172/person-looking-at-charts-on-a-computer-screen.jpg

Artificial intelligence (AI) has given technology stocks a big boost this year, which is evident from the 49% surge in the Nasdaq-100 Technology Sector index. Yet, the growing adoption of this technology has failed to spark a rally in shares of SoundHound AI (NASDAQ: SOUN) despite the huge end-market opportunity that the company is sitting on.

SoundHound AI stock has dropped a whopping 55% since hitting a 52-week high at the end of June this year.