SoundHound's Voice AI Sees Major Growth Potential to $160B Market
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SoundHound AI provides voice AI solutions for industries like auto, restaurants, banking, etc. It has a large $160B potential market by 2026.
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SoundHound already has impressive customers like Hyundai, Snap, Square, and its revenue grew 51% last year to $47M.
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Its bookings backlog of $342M suggests strong future revenue growth. Estimates are $96M by 2025.
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If growth continues, SoundHound's market cap could reach $2.8B by 2030. A $100K investment now could be worth $530K.
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While it likely won't make you a millionaire in 7 years, strong long-term growth could make that possible over a longer timeframe.