Nvidia Investment Validates SoundHound AI, Boosts Stock 67% Ahead of Earnings
• Nvidia recently disclosed a minor investment in SoundHound AI (SOUN), providing validation and credibility to the company's AI strategy • SoundHound stock surged 67% on the news of Nvidia's investment • SoundHound is due to report Q4 earnings on February 29th, which could provide another catalyst for the stock • Analyst Scott Buck believes SoundHound's growth opportunity and improving margins make the stock's valuation attractive, even after the recent gains • Buck rates SoundHound stock a Buy with a $5 price target, seeing 25% upside potential over the next year