$SoundHound AI Inc(SOUN)$ The -To The Moon - Tiger Brokers Online Investing Community - To The Moon

Burnell Ezekiel

$SoundHound AI Inc(SOUN)$

The AI industry is booming. As a player in the fields of speech recognition and conversational AI, SoundHound might benefit from the market's optimism towards generative AI like ChatGPT, even though its technological approach is different from companies like OpenAI.

Regarding revenue growth expectations, SoundHound's revenue in 2023 was approximately $45 million, with a 47% year - on - year increase. The market might expect it to maintain high - speed growth in the next few years, say, with a 30% - 50% compound annual growth rate (CAGR).

There's an anticipation of turning a profit. The company hasn't made a profit yet; it had a net loss of about $89 million in 2023. However, the market might be betting that it can reduce costs through scaling and increase its gross margin, which is currently around 70% or more.

Strategic partnerships and customer expansion. Its collaborations with NVIDIA and automakers could be seen as positive signs of technology implementation.

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