SoundHound AI Stock Could Soar in 2024 on Fed Rate Cuts, M&A Prospects
• SoundHound AI is a voice recognition software developer that recently went public via a SPAC and has seen its stock price decline significantly • The Fed is expected to cut interest rates in 2024, which could spark renewed business activity and investments in areas like AI • Mergers and acquisitions activity slowed in 2023 but could rebound in 2024, making SoundHound AI a potential acquisition target • SoundHound AI operates in the restaurant and auto manufacturer sectors which could benefit from rate cuts and increased consumer spending • If things go right, SoundHound AI's stock price could skyrocket in 2024 due to growth prospects and potential M&A activity