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The stock is on a tear, but is it worth the price?
SoundHound AI (SOUN 6.71%) is one of the hottest stocks on the market today and the company recently signed some interesting deals for its audio AI products. But has the stock gotten ahead of the company's performance? In this video, Travis Hoium covers SoundHound AI's business, where its growth comes from, and just how expensive the stock is today.
*Stock prices used were end-of-day prices of Dec. 7, 2024. The video was published on Dec. 9, 2024.
Suzanne Frey, an executive at Alphabet, is a member of The Motley Fool's board of directors. Travis Hoium has positions in Alphabet and Spotify Technology. The Motley Fool has positions in and recommends Alphabet, Chipotle Mexican Grill, Spotify Technology, and Toast. The Motley Fool recommends the following options: short December 2024 $54 puts on Chipotle Mexican Grill. The Motley Fool has a disclosure policy. Travis Hoium is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through their link they will earn some extra money that supports their channel. Their opinions remain their own and are unaffected by The Motley Fool.
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*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.
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