Will SoundHound AI Be a Trillion-Dollar Stock by 2050?
SoundHound AI (NASDAQ: SOUN) initially impressed a lot of investors when it went public by merging with a special purpose acquisition company (SPAC) on April 28, 2022. It developed audio and speech-recognition services that weren't tethered to tech giants like 's Google or Microsoft.
But like many other SPAC-backed companies, SoundHound overpromised and underdelivered. It only generated $46 million in revenue in 2023, compared to its optimistic target of $98 million which it provided during its pre-merger presentation.
Image source: Getty Images.
Source Fool.com
Alphabet Inc. C Stock
€167.84
-1.360%
The stock is an absolute favorite of our community with 45 Buy predictions and no Sell predictions.
With a target price of 190 € there is a slightly positive potential of 13.2% for Alphabet Inc. C compared to the current price of 167.84 €.
