Where Will SoundHound AI Be in 3 Years?
This speculative audio AI stock could struggle to justify its sky-high valuations.
SoundHound AI (NASDAQ: SOUN) has taken its investors on a wild ride over the past three years. The specialist in audio and speech recognition software went public by merging with a special purpose acquisition company on April 28, 2022. The shares opened at $8.72 and skyrocketed to an all-time high of $24.23 on Dec. 26, 2024.
But today, they trade at about $8.11. Let's see why the stock took a rollercoaster price ride over the past three years that puts it just below its debut price, and if it has a shot at revisiting its record high over the next three years.
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