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SoundHound AI (NASDAQ: SOUN) has seen its stock price increase over 205% in the past three years, although it currently trades nearly 60% below its all-time high. The company serves as a leader in voice AI technology, which is expected to tap into a total addressable market of $140 billion. In 2024, revenue is projected to rise from $85 million to an estimated $159 million in 2025, representing a growth increase of approximately 27%.
Founded in the automotive sector, SoundHound AI has recently expanded its footprint by acquiring voice AI company Amelia and branching into markets such as restaurants and hotels. The company’s neutral, white-label approach provides it with a competitive advantage against larger tech firms that offer integrated services.
While its stock is trading at about 25 times 2025 revenue estimates, positioning it for potential long-term gains, investors are advised to weigh the company’s ability to maintain growth amidst stiff competition in the voice AI landscape.
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