Investors Eyeing AI Stocks Should Consider Nvidia Over SoundHound
In recent months, SoundHound AI (NASDAQ: SOUN) captured the market's attention with its impressive rally, surging nearly 128%. However, the company’s stock experienced a dramatic downturn, plummeting by about 55%, amid concerns that its growth might not keep pace with its lofty valuation. Currently, SoundHound AI trades at a P/S ratio of 22 times sales, significantly outstripping the U.S. technology sector’s average of 7.2 times sales. Despite a predicted resurgence in revenue growth and a strong pipeline, SoundHound’s position as a smaller player could potentially expose it to fierce competition.
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