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