Soundhound ai: (NASDAQ: Sun) He became one of the hottest reserves of Wall Street, rising about 170% since the beginning of November 20, 2024. However, it has reached the top of his huge runs at the end of December.
With Soundhound, more than 40% share more than 40% of them, many investors can think of whether this fund can occur for another huge run. Some may even consider this stock ticket Becoming a millionaireA number
So does this fund have the opportunity to do that? After all, another stock of artificial intelligence has already prepared a millionaires.
Becoming a millionaire from a stock selection may seem like a distant dream for some people, but it is completely possible. If you have invested $ 10,000 Nvidia (NASDAQ: NVDA) Available in a decade ago, you will have $ 2.55 million now as long as you have kept and you have never sold. It is possible that the sound sound can have such a head. Let’s see.
Soundhound AI software is about audio recognition and using that access to the AI ​​model. Most of the Models of AI we have contacted the text inputs so far. However, users must have the keyboard access to this job. It’s not always a practical program.
Some customers may prefer to talk to voice (thinking about the restaurant) or have to drive ai assistant while driving (if the car is completely self-improving. It has already landed some great customers.
SoundHound’s software has already been integrated Starry Transportation in Europe and Japan. This is a mass car, and if this technology becomes denser, it is very likely that other cars are also partner with a voice player. Many restaurants also collaborate with Soundhound to deploy his technology to integrate AI to take on Drive-Thrus and online order.
All this allowed Soundhound to develop a more diversified income flow, where no one in its business (automotive, restaurants, financial services, healthcare and insurance) is over 25%. It is the main improvement, as 72% of one customer in the automotive came in the automotive (presumably stellantis) in the automotive sector.
SoundHound also has a huge growth striving. It expects revenues to double in 2024. It is massive growth, and it also sees the growth of fantastic income beyond that point.
The company’s reservation describes the remaining value on the current contracts signed. Although it does not have a guaranteed income, it gives investors an idea of ​​how much increase can move forward. SoundHound’s backlog now exceeds $ 1 billion and spreads within six years. This is a strong income, and as cases of use of its technology, this search figure will probably rise.
But is it enough to make you a millionaire?
First, the main amount of investments must be the basis. We will use $ 10,000 because that’s what I used with the NVIDIA pattern above. The stocks to turn $ 10,000 to the $ 1 million to rise 100 times in value. Soundhound is currently a $ 5.4 billion company, which means that it will be appreciated about $ 540 billion if it reaches that heroism.
Thus, which companies are valued at that threshold? It will put a voice sound in the same assessment range as MasterCard: ($ 515 billion) and Fortune teller ($ 496 billion). These are incredibly dominant companies that serve the whole world, so it can be an unrealistic expectation.
For further comparison, the market is the largest software companies in the market Ion ($ 310 Billion) and Adobe ($ 199 Billion). SoundHound’s current income is like a rounding error for these companies, even if the growth of its strong 2025 is included.
So Soundhound probably makes you a millionaire of $ 10,000. Probably not. But that doesn’t mean that it can’t be a good contribution. It has a strong product offer and a solution is an important niche integrating into the whole society of AI. Before it grows, but there are still many risks in shares, as other companies can easily offer a platform for audio recognition, which is competing for SoundHound competitors.
Before buying a share in Soundhound AI, consider this:
Is MOTLEY FOOL STOCK ADVISOR Analyst team just found out what they believe 10 Best Shares: To buy for investors now … and Soundhound AI was not one of them. The 10 shares performing the cut can return to the monster in the coming years.
Consider when Nvidia This list did on April 15, 2005 … If you have invested $ 1,000 at the time of our proposal, You will have $ 850,946! *
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Kateen Divi It has positions in Adobe, MasterCard, NVIDIA and Salesforce. Motley Fool has positions and offers Adobe, MasterCard, Nvidia, Oracle and Salesforce. Motley Fool offers Stellantis. Motley Fool has Discovery Policy:A number
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