Posted 1/1/2024, 4:36:00 PM
SoundHound AI Growth Prospects Brighten amid Potential 2024 Rate Cuts, M&A Rebound
- Interest rates could be cut in 2024, sparking business activity and AI investments
- Mergers and acquisitions activity should rebound in 2024, making SoundHound AI an acquisition target
- SoundHound AI is positioned in hot AI sectors like restaurants and autos
- Big tech has demonstrated interest in voice-powered AI like SoundHound's
- If interest rates fall or M&A heats up, SoundHound AI stock could skyrocket