Bank of Montreal Buys Burgundy Asset to Boost Wealth Business
The bank will pay C$625 million ($456 million) in shares, with 20% of that amount conditional on Burgundy maintaining a minimum level of assets under management for 18 months after the deal closes.
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Why EVgo Stock Blasted 10% Higher This Week
Key Points The electric vehicle charging station company was tapped for an honor from a well-known publication. It also received high marks from an analyst tracking its fortunes. 10 stocks we like better than EVgo › Electric vehicle (EV) charging station specialist EVgo (NASDAQ: EVGO) was all go for investors over the past few days. According to data compiled by S&P Global Market Intelligence, the infrastructure builder's shares motored 10% higher during the week. That rise was powered by a magazine naming the company a top operator in its field and it being the subject of a bullish new analyst note. The news was good over the week Although Newsweek isn't quite the influential, must-read publication it was in years past, it still carries some weight in the media world (and for investors). On Thursday, the publication announced that EVgo is on the list of its "America's Greatest Companies 2025." Newsweek rates the 650-strong list's inductees on a scale of one to five stars. EVgo received nearly the maximum, with 4.5 stars. The magazine quoted its editor-in-chief, Jennifer Cunningham, as saying the included enterprises are "operating at the highest caliber when it comes to business performance." This only enhanced the bullish analyst note published the day before by Stifel analyst Stephen Gengaro. In the update, Gengaro reiterated his buy recommendation and accompanying $8 per share price target on EVgo stock. Electric quarterly results It isn't too hard to be optimistic about EVgo's future these days, following its release last week of second-quarter results. Although the company didn't book a headline net profit, its bottom-line performance slightly exceeded expectations, while it beat convincingly on revenue. And although sales growth of EVs has slowed lately, they are still a go-to solution for car owners wishing to drive greener vehicles. Should you invest $1,000 in EVgo right now? Before you buy stock in EVgo, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and EVgo wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $663,630!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $1,115,695!* Now, it's worth noting Stock Advisor's total average return is 1,071% — a market-crushing outperformance compared to 185% for the S&P 500. Don't miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks » *Stock Advisor returns as of August 13, 2025 Eric Volkman has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. Why EVgo Stock Blasted 10% Higher This Week was originally published by The Motley Fool Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
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Did Nvidia Make a Mistake by Selling SoundHound AI Stock? The Answer Might Surprise You.
Key Points SoundHound AI stock is generating blistering revenue growth right now, as some of the world's biggest brands adopt its conversational artificial intelligence software. Nvidia used to be a SoundHound shareholder, but the chip giant sold its entire stake towards the end of 2024. SoundHound stock is soaring right now, but that doesn't mean Nvidia made the wrong move. 10 stocks we like better than SoundHound AI › Nvidia (NASDAQ: NVDA) has become the world's largest company on the back of surging demand for its data center chips, which are the gold standard for developing artificial intelligence (AI) models. The chip giant occasionally puts its vast financial resources to work by investing in other AI companies, and SoundHound AI (NASDAQ: SOUN) was one of them. SoundHound is a specialist in conversational AI technologies, and its customers include some of the world's biggest brands. Nvidia first revealed its stake in the company in a 13-F filing with the Securities and Exchange Commission in February 2024, but the chipmaker had sold its entire position by December. SoundHound's revenue tripled during its most recent quarter, and its stock is up by a whopping 40% in the past month alone. Did Nvidia make a mistake by dumping its position? Read on for the surprising answer. A leader in conversational AI SoundHound's conversational AI applications are popular in a variety of industries, but they are experiencing particularly high demand in quick-service restaurant chains and with automotive brands that want to include a powerful AI assistant in their new vehicles. In the restaurant space, SoundHound's Voice AI technology can accept customer orders autonomously in-store, over the phone, and in the drive-thru. It can also answer queries from employees, whether they need help making menu items or need clarity on a particular store policy. Chains like Chipotle, Krispy Kreme, and Papa John's are just a few of SoundHound's customers. In the automotive industry, companies like Hyundai and Stellantis (Chrysler, Jeep, and Dodge) are using SoundHound's Chat AI software in their latest vehicles. It can give drivers information about the weather, stocks, and everything in between with a simple voice command, and manufacturers can customize its personality to suit their brand. Last August, SoundHound acquired another conversational AI specialist called Amelia. The joint companies recently launched a new platform called Amelia 7, which allows businesses to create custom AI agents that can assist customers with their inquiries or even help employees troubleshoot technical issues. Of course, these agents can be controlled entirely with voice commands. SoundHound's revenue is absolutely skyrocketing SoundHound generated a record $42.6 million in total revenue during the second quarter of 2025 (ended June 30), which was a blistering 217% increase from the year-ago period. The strong result gave management the confidence to increase its full-year revenue guidance for 2025 from $167 million to $169 million (at the midpoint of the forecast range), which would be a 99% increase compared to 2024. That would mark an acceleration from the 85% growth SoundHound generated last year, highlighting the significant momentum in its business. But that growth is coming at a significant cost, because SoundHound continues to burn truckloads of cash. It lost $74.7 million on a generally accepted accounting principles (GAAP) basis during the second quarter, which was twice as much as it lost in the year-ago period. SoundHound did suffer a one-off, $31 million hit to its bottom line from a liability associated with one of its acquisitions during the quarter, but even after stripping it out -- along with every other one-off and non-cash expense -- the company still lost $11.8 million. SoundHound has a solid balance sheet with $230 million in cash on hand and no debt, so it can sustain losses of that size for the foreseeable future. However, the company will eventually have to prioritize profitability, or else it might need to raise capital, which could dilute existing shareholders. Cost cuts would almost certainly dent SoundHound's revenue growth, which is something for investors to keep in mind. Here's why Nvidia didn't make a mistake by selling SoundHound stock Nvidia never told investors why it sold SoundHound stock, but if I had to speculate, I think its valuation likely had something to do with the decision. Its price-to-sales (P/S) ratio is trading at an eye-popping level of 48.6, which is more than a 50% premium to Nvidia's P/S ratio of 29.9. It was even more expensive when Nvidia sold it toward the end of 2024, because its P/S ratio was hovering near 100. SoundHound will quickly grow into its current valuation if its revenue continues to increase at such a blistering pace, but the financial results of companies in the early stages of commercialization are notoriously unpredictable, so there's no guarantee it will. Moreover, Nvidia is one of the highest quality companies in the world with a track record of success that spans decades, a rock-solid balance sheet, and surging profits, so I don't think SoundHound deserves to trade at a premium to the chip giant. Nvidia held 1.73 million SoundHound shares, which would've been worth around $27.7 million at the current price of $16. Given the chip giant's market cap of $4.4 trillion, a total loss would've been a mere rounding error. However, holding a stock with such a steep valuation opens the door to substantial downside if the underlying company falters, so I don't think Nvidia made a mistake by closing its position. Should you invest $1,000 in SoundHound AI right now? Before you buy stock in SoundHound AI, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and SoundHound AI wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $663,630!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $1,115,695!* Now, it's worth noting Stock Advisor's total average return is 1,071% — a market-crushing outperformance compared to 185% for the S&P 500. Don't miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks » *Stock Advisor returns as of August 13, 2025 Anthony Di Pizio has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Chipotle Mexican Grill and Nvidia. The Motley Fool recommends the following options: short September 2025 $60 calls on Chipotle Mexican Grill. The Motley Fool has a disclosure policy. Did Nvidia Make a Mistake by Selling SoundHound AI Stock? The Answer Might Surprise You. was originally published by The Motley Fool Sign in to access your portfolio
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The Hedge Fund Manager Who Called Carvana's 100X Move Says This Stock Is the Next 100-Bagger
Key Points Hedge fund manager Eric Jackson recently sparked a rally in Opendoor when he called it a 100x candidate. Jackson believes the lack of competition and Opendoor's massive data set are big advantages. For the time being, Opendoor isn't profitable and should be approached with caution. 10 stocks we like better than Opendoor Technologies › Shares of real estate iBuyer Opendoor Technologies (NASDAQ: OPEN) have more than tripled in a little over a month, but the rally isn't being fueled by any business results. Instead, hedge fund manager Eric Jackson referred to Opendoor as a 100x stock in a series of social media posts, which also shared an extremely bullish investment thesis. Jackson doesn't exactly have a flawless investment history -- after all, nobody who actively seeks out 100x candidates does. But he was an early proponent of Carvana, which was essentially priced for imminent demise a few years ago before it generated a 100x rally of its own. Could Opendoor do the same? Why could this struggling real estate company be a 100x candidate? Jackson has posted many times about Opendoor in the past month or so, and there are a lot of components to his investment thesis. His initial post on X detailing why he's so bullish on Opendoor came on July 14, but there have been hundreds of follow-up posts. Jackson thinks Opendoor's iBuying business could be a big winner when macro headwinds turn around. In a July 16 post, Jackson (correctly) pointed out that there's no major competition left in iBuying. Both Zillow and Redfin shut down their iBuying businesses several years ago, and there's one more (much smaller) publicly traded competitor in Offerpad that remains. During the last real estate bull market, fueled by low interest rates, Opendoor was competing with all of these companies -- in the next one, it won't be. However, Jackson's thesis isn't just about the iBuying business itself. Instead, Jackson thinks the real value isn't necessarily in buying and selling homes, but in the vast data set Opendoor has accumulated. As the leader in iBuying, Opendoor has executed over 200,000 real estate transactions, and has not only buy/sell price data, but also tons of other useful information it can analyze. For example, Opendoor has data on how specific repairs translate into price changes. In a nutshell, he believes Opendoor could use this to build the best artificial intelligence (AI)-powered price estimator and prediction tool in the industry, and license it to create a stream of high-margin revenue. Jackson also thinks assumable mortgages could be a big opportunity for the iBuying side. Conventional mortgage loans generally are not assumable (transferable to a new owner), but several types of government-backed loans, including VA loans, are. With trillions in low-rate, assumable mortgages out there, Jackson sees an opportunity for Opendoor to use these to invigorate its platform. Should you buy shares of Opendoor right now? First of all, when Jackson made his 100x call, Opendoor was trading for about $0.82 per share. As I'm writing this, it has already climbed to $2.45, so reaching Jackson's ambitious target would result in a roughly 33-fold gain from here. Of course, I'm sure everyone reading this would be fine with an investment turning $100 into $3,300 in a relatively short time frame, but it's still important to point out that the stock has gained significantly in the month or so since Jackson first shared his thesis. Second, it's important to mention that this is a highly speculative stock, and Jackson's thesis (on both AI potential and iBuying growth) depends on a lot of things working in Opendoor's favor, and management being able to execute on unlocking the theoretical value of its data. As it stands, Opendoor is not a profitable business, and management is expecting a significant slowdown in the third quarter. High interest rates and an agonizingly slow real estate market are weighing on the business. Could Opendoor do what Jackson thinks, leveraging its data to develop AI price prediction tools? And could the iBuying business eventually become much larger and consistently profitable? Sure. But there's also a chance that won't happen and the stock could certainly go to zero if market conditions don't cooperate. If you want to make a small investment in Opendoor, it could be an interesting one to watch, but I'd caution against using any money you can't afford to lose. Should you buy stock in Opendoor Technologies right now? Before you buy stock in Opendoor Technologies, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Opendoor Technologies wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $663,630!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $1,115,695!* Now, it's worth noting Stock Advisor's total average return is 1,071% — a market-crushing outperformance compared to 185% for the S&P 500. Don't miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks » *Stock Advisor returns as of August 13, 2025 Matt Frankel has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Zillow Group. The Motley Fool has a disclosure policy. The Hedge Fund Manager Who Called Carvana's 100X Move Says This Stock Is the Next 100-Bagger was originally published by The Motley Fool Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
