Where Will SoundHound AI Stock Be in 10 Years?
SoundHound AI (NASDAQ: SOUN), an audio- and speech-recognition company founded 18 years ago, went public last April by merging with a special purpose acquisition company (SPAC). It started trading at $8.72 per share on its first day as a combined company, but it's only worth about $2 today.
Like many SPAC-backed companies, SoundHound lost its luster as its growth fell short of its pre-merger forecasts and rising interest rates popped its bubbly valuations. But could this fallen artificial intelligence (AI) stock bounce back over the next 10 years?
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Source Fool.com
