SoundHound AI Stock Soars 180% as Conversational AI Powers Revenue Growth
• Nvidia recently invested in 5 AI stocks, with the largest investment in Arm Holdings, but SoundHound AI's stock has soared the most, up 180% in 2023.
• SoundHound focuses on conversational AI that understands voice and responds conversationally. Major companies across industries use it.
• SoundHound unveiled new tech allowing more dynamic visual responses, beyond just voice.
• SoundHound's revenue grew 47% in 2023 to $46M. Its order backlog hit $661M, suggesting strong future growth potential.
• SoundHound stock surged 60%+ when Nvidia investment was revealed. It may be speculative still, but has big upside if conversational AI takes off.