Soundhound Stock Soars Amid AI Boom and Controversy Over Valuation
• Soundhound AI stock has climbed 272% in 2024, benefitting from the AI rally • Analysts at Navellier believe Soundhound is "obviously a pump and dump stock" • Soundhound provides voice AI solutions like automatic speech recognition and wake words • DA Davidson analysts are upbeat due to Soundhound's new deals and market share wins • However, Navellier argues Soundhound's high valuation and forecasted losses make it a "pump and dump"