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Article was asking should you buy Soundhound now that it pulled back after earnings . This was their response:
But despite the big pullback for SoundHound AI stock today, the company's share price is still up roughly 183% in 2024. While many factors have shaped recent performance for the stock, I think the bullish case for the stock is well summarized by a recent statement from Mohajer during the company's Q4 conference call:
βAt SoundHound, we've made two important predictions for the future of AI. The first is that AI customer service will be as necessary for every business as WiFi and electricity. Second is that speaking will become the primary way we interact with the devices around us.β
In broad terms, Mohajer is likely right about the increasing demand for AI-powered customer service and the rise of voice-based interfaces. These trends should help spur continued sales growth for the company.
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