Latest news with #SoundHound
Globe and Mail
2 days ago
- Business
- Globe and Mail
Is SoundHound AI a Buy?
Artificial intelligence (AI) stocks soared over the past two years as investors got excited about this potentially game-changing technology. And SoundHound AI (NASDAQ: SOUN), a company specializing in voice AI, saw its share price take off as part of this new gold rush. Over 2023 and 2024, SoundHound stock surged 1,000%, outperforming AI market superstar Nvidia, which climbed 800% during that period. But AI stocks lost some of their luster earlier this year amid concerns about economic growth and potential spending on this newish technology. President Trump set out plans for tariffs on imports, and investors worried that these duties would increase prices on a wide range of products, paving the way to a weak economy and even a recession. As a result, investors fled high-growth companies that could be among the first to suffer in such an environment. Where to invest $1,000 right now? Our analyst team just revealed what they believe are the 10 best stocks to buy right now. Learn More » And that resulted in declines in AI stocks, including SoundHound. The voice AI player has lost about 50% since the start of the year. Yet the company continues to deliver explosive growth, reporting a revenue increase of 151% in the recent quarter. Meanwhile, Trump's initial tariff deal with China has offered investors optimism that tariffs may not be as tough on the economy as expected -- and that's helped indexes rebound. Is SoundHound AI a buy now? Let's find out. Why SoundHound stands out So, first, a bit of background on SoundHound, a company that stands out from rivals in the voice AI space thanks to its innovation. Most voice AI systems translate speech to text and then to meaning, but SoundHound translates speech directly into meaning. While this might seem like a detail, it actually makes a huge difference, resulting in speed and accuracy. This technology is protected by more than 200 patents, and this, along with strong barriers to entry, offer SoundHound a competitive advantage. All of this has helped SoundHound grow in a wide range of industries, from restaurants to automotive, healthcare, finance, and more. For example, the company recently expanded its phone answering and AI services contract with a major U.S. pizza chain. And in healthcare, it expanded or renewed contracts with three customers, including a major medical billing company. In the quarter, as mentioned, revenue soared in the triple digits. And importantly, revenue from each individual customer came in at 10% or less of total revenue, showing that SoundHound doesn't rely heavily on just one or two contracts but instead is well diversified. The fact that SoundHound's revenue totaled just under $30 million in the quarter suggests this company has plenty of room for expansion. The total addressable market for SoundHound's services is about $140 billion. SoundHound's strengths in AI agents This company also is taking big steps in an area that could represent the next AI growth driver, and that's agentic AI. This involves software that applies AI to real world problems by studying complex situations, finding solutions, and applying them. SoundHound recently launched its Amelia 7.0 platform, one that customers across industries can use to carry out a range of key tasks. SoundHound offered an example during its earnings call, saying Amelia could handle your reordering of a hard-to-pronounce prescription, the payment of a recent medical visit, and the making of a new appointment. It's also positive to note that SoundHound has a cash position of $246 million and doesn't have debt. So this AI player is in great shape to deliver more growth, especially considering that the AI market is expected to reach beyond $2 trillion by the early 2030s. This market isn't all voice AI, of course, but this enormous size shows demand for AI in general is high -- and SoundHound could be well positioned to benefit. A steep valuation All of this is great, but it's important to keep in mind that, even considering recent declines, SoundHound stock still looks pricey at current levels, trading at 38 times sales. So investors who are more value-oriented may find investments more adapted to their style elsewhere. It's also important to remember that in a market where uncertainty remains, investors may hesitate to invest in smaller, younger AI companies like SoundHound and may opt for giants like Nvidia or more diversified businesses like Amazon. This could weigh on SoundHound's performance in the near term. So, is SoundHound a buy? This depends on your comfort with risk and your investment style. As mentioned, SoundHound isn't a buy for value investors, and cautious investors should look to other stocks too. But for patient growth investors who plan on holding on for the long term, SoundHound makes a solid buy on the dip today. 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 10 best stocks 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 $653,389!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $830,492!* Now, it's worth noting Stock Advisor 's total average return is982% — a market-crushing outperformance compared to171%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 May 19, 2025 John Mackey, former CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool's board of directors. Adria Cimino has positions in Amazon. The Motley Fool has positions in and recommends Amazon and Nvidia. The Motley Fool has a disclosure policy.
Yahoo
2 days ago
- Business
- Yahoo
Prediction: SoundHound AI Stock Will Beat the Market. Here's Why.
SoundHound AI delivered outsized gains to investors in 2023 and 2024, but it is down significantly so far this year. The voice AI solutions specialist, however, is growing at a faster pace than the conversational AI market. SoundHound's growth potential could help the stock regain its mojo and jump higher over the next five years. 10 stocks we like better than SoundHound AI › It has been just over four years since SoundHound AI (NASDAQ: SOUN) made its stock market debut, and the voice artificial intelligence (AI) company's returns have been disappointing thus far, as it has gained just 28% during this period, as compared to the 45% gains clocked by the tech-heavy Nasdaq Composite. What's worth noting is that wild stock price swings have been a common characteristic of SoundHound's journey on the market as a public company. The stock had a forgettable 2022 after its stock market listing, followed by a massive 1,000% jump in 2023 and 2024. This year, however, is turning out to be another woeful one for SoundHound investors, as the stock has lost nearly 52% of its value as of this writing. The good part is that SoundHound seems capable of going on a bull run once again, replicating the impressive gains it clocked in 2023 and 2024 that were big enough to help it crush the broader market's returns. Let's look at the reasons why SoundHound stock could go on a market-beating run once again. SoundHound AI offers conversational AI solutions such as voice-based AI agents, in-vehicle voice assistants, voice-based e-commerce, and voice-enabled AI chat assistants, among other things. Its solutions are deployed across multiple verticals such as restaurants, healthcare, contact centers, and connected devices. The market that SoundHound serves is currently in a nascent state. Market research firm Imarc Group estimates that the conversational AI market was worth just over $13 billion last year. Its size is expected to jump by 11x through 2033, clocking a compound annual growth rate of 29%. SoundHound's growth in the past three years suggests that it is benefiting nicely from the end-market opportunity on offer. As the chart indicates, the company's growth has picked up impressively in recent quarters. This remarkable growth can be attributed to the company's rapid expansion in industries such as restaurants and automotive, where the adoption of voice-based AI solutions is growing at a nice clip. SoundHound management pointed out in its first-quarter earnings report that its customers in the restaurant industry have been adding its voice AI-based answering and ordering solutions to more locations. The company is also expanding into new areas such as healthcare and retail. The robust adoption of SoundHound's solutions across multiple verticals is the reason why it reported impressive revenue growth of 151% in the first quarter. Another thing worth noting is that SoundHound is building multiple revenue streams. It gets royalties from the usage of its solutions in automotive, smart TVs, and other connected devices, along with subscription revenue from applications such as food ordering and customer service. The company is looking to further monetize its offerings through advertisements. Meanwhile, SoundHound's foray into the voice-based agentic AI market should ideally open another solid growth opportunity. The company recently announced its Amelia agentic AI platform through which customers can develop and deploy voice AI agents that can reason on their own and perform complex tasks. The integration of AI in customer support is expected to jump by 20x over the next decade, with the market expected to generate more than $53 billion in revenue in 2034. This is another example of how SoundHound is going after lucrative opportunities in the conversational AI market that should help the company continue to grow at elevated levels in the long run. SoundHound AI has turned to acquisitions to bolster its position in the conversational AI market. Its latest acquisition was that of Amelia last year, which improved its presence in the customer service market in verticals such as retail, finance, insurance, and healthcare. Similarly, its previous two acquisitions of Allset and Synq3 shored up its presence in online ordering, connected devices, and restaurants. It won't be surprising to see SoundHound making more acquisitions in the future, thanks to its healthy balance sheet. The company is almost debt-free and has a net cash balance of more than $240 million, which will come in handy if it decides to improve its presence further in the conversational AI space. As such, there is a good chance that SoundHound AI could become a much bigger company in the long run. The company is expecting to almost double its revenue in 2025 to $167 million, which is much faster than the pace at which the conversational AI market is set to grow. Assuming SoundHound AI averages annual revenue growth of even 30% over the next five years, which will be almost in line with the projected growth of its end market, its top line could hit $583 million in 2030. If SoundHound stock trades at even 15 times sales at that time, which would be a big discount to its current price-to-sales ratio of 34, its market capitalization could jump to $8.75 billion. That points toward a potential upside of 127% over the next five years based on its current market cap, which could be enough to help it beat the broader market's gains during this period. 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 $651,761!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $826,263!* Now, it's worth noting Stock Advisor's total average return is 978% — a market-crushing outperformance compared to 170% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of May 19, 2025 Harsh Chauhan 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. Prediction: SoundHound AI Stock Will Beat the Market. Here's Why. was originally published by The Motley Fool
Globe and Mail
3 days ago
- Business
- Globe and Mail
Prediction: SoundHound AI Stock Will Beat the Market. Here's Why.
It has been just over four years since SoundHound AI (NASDAQ: SOUN) made its stock market debut, and the voice artificial intelligence (AI) company's returns have been disappointing thus far, as it has gained just 28% during this period, as compared to the 45% gains clocked by the tech-heavy Nasdaq Composite. What's worth noting is that wild stock price swings have been a common characteristic of SoundHound's journey on the market as a public company. The stock had a forgettable 2022 after its stock market listing, followed by a massive 1,000% jump in 2023 and 2024. This year, however, is turning out to be another woeful one for SoundHound investors, as the stock has lost nearly 52% of its value as of this writing. Where to invest $1,000 right now? Our analyst team just revealed what they believe are the 10 best stocks to buy right now. Learn More » The good part is that SoundHound seems capable of going on a bull run once again, replicating the impressive gains it clocked in 2023 and 2024 that were big enough to help it crush the broader market's returns. Let's look at the reasons why SoundHound stock could go on a market-beating run once again. SoundHound AI's eye-popping growth is here to stay for a long time SoundHound AI offers conversational AI solutions such as voice-based AI agents, in-vehicle voice assistants, voice-based e-commerce, and voice-enabled AI chat assistants, among other things. Its solutions are deployed across multiple verticals such as restaurants, healthcare, contact centers, and connected devices. The market that SoundHound serves is currently in a nascent state. Market research firm Imarc Group estimates that the conversational AI market was worth just over $13 billion last year. Its size is expected to jump by 11x through 2033, clocking a compound annual growth rate of 29%. SoundHound's growth in the past three years suggests that it is benefiting nicely from the end-market opportunity on offer. As the chart indicates, the company's growth has picked up impressively in recent quarters. SOUN Revenue (TTM) data by YCharts This remarkable growth can be attributed to the company's rapid expansion in industries such as restaurants and automotive, where the adoption of voice-based AI solutions is growing at a nice clip. SoundHound management pointed out in its first-quarter earnings report that its customers in the restaurant industry have been adding its voice AI-based answering and ordering solutions to more locations. The company is also expanding into new areas such as healthcare and retail. The robust adoption of SoundHound's solutions across multiple verticals is the reason why it reported impressive revenue growth of 151% in the first quarter. Another thing worth noting is that SoundHound is building multiple revenue streams. It gets royalties from the usage of its solutions in automotive, smart TVs, and other connected devices, along with subscription revenue from applications such as food ordering and customer service. The company is looking to further monetize its offerings through advertisements. Meanwhile, SoundHound's foray into the voice-based agentic AI market should ideally open another solid growth opportunity. The company recently announced its Amelia agentic AI platform through which customers can develop and deploy voice AI agents that can reason on their own and perform complex tasks. The integration of AI in customer support is expected to jump by 20x over the next decade, with the market expected to generate more than $53 billion in revenue in 2034. This is another example of how SoundHound is going after lucrative opportunities in the conversational AI market that should help the company continue to grow at elevated levels in the long run. A solid balance sheet should be a tailwind for the company SoundHound AI has turned to acquisitions to bolster its position in the conversational AI market. Its latest acquisition was that of Amelia last year, which improved its presence in the customer service market in verticals such as retail, finance, insurance, and healthcare. Similarly, its previous two acquisitions of Allset and Synq3 shored up its presence in online ordering, connected devices, and restaurants. It won't be surprising to see SoundHound making more acquisitions in the future, thanks to its healthy balance sheet. The company is almost debt-free and has a net cash balance of more than $240 million, which will come in handy if it decides to improve its presence further in the conversational AI space. As such, there is a good chance that SoundHound AI could become a much bigger company in the long run. The company is expecting to almost double its revenue in 2025 to $167 million, which is much faster than the pace at which the conversational AI market is set to grow. Assuming SoundHound AI averages annual revenue growth of even 30% over the next five years, which will be almost in line with the projected growth of its end market, its top line could hit $583 million in 2030. If SoundHound stock trades at even 15 times sales at that time, which would be a big discount to its current price-to-sales ratio of 34, its market capitalization could jump to $8.75 billion. That points toward a potential upside of 127% over the next five years based on its current market cap, which could be enough to help it beat the broader market's gains during this period. 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 10 best stocks 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 $651,761!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $826,263!* Now, it's worth noting Stock Advisor 's total average return is978% — a market-crushing outperformance compared to170%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 May 19, 2025
Associated Press
3 days ago
- Business
- Associated Press
SoundHound AI and Allina Health Launch AI Agent to Redefine Patient Engagement
SANTA CLARA, Calif.--(BUSINESS WIRE)--May 29, 2025-- SoundHound AI, Inc. (Nasdaq: SOUN), a global leader in voice artificial intelligence, today announced its partnership with Allina Health and deployment of 'Alli, ' an AI agent for patient engagement, powered by its Amelia conversational AI platform. This press release features multimedia. View the full release here: Allina Health's new AI agent, 'Alli,' streamlines patient access and frees customer experience representatives to focus on complex needs. Alli answers calls within Allina Health's Customer Experience Center and integrates directly with Allina Health's electronic medical record system, allowing it to instantly identify and authenticate callers. The AI agent allows patients to manage their appointments, and in the future patients will be able to refill medications, find doctors or locations, and receive answers to non-clinical questions – all without having to wait on hold. This eliminates the need for customer experience representatives to spend time on manual verification, accelerating access to care. Since launch, Alli has significantly improved operational performance for Allina Health. Average call time has improved by 5–10 seconds, and 80% of calls are now answered in 45 seconds or less, without increasing staffing levels. 'One of our key goals is to make sure that we're providing a market-leading patient experience,' said David Ingham, DO, Allina Health Chief Information Officer. 'Alli is an extension of our team, and we're excited to have her on board to streamline operations, reduce wait times, and deliver a faster, more seamless experience for our patients.' By offloading routine tasks to Alli, Allina Health's customer experience representatives are now able to focus on patients who have more complex or sensitive needs, providing the white-glove service and personalized support those situations require. Patients also benefit from increased self-service capabilities, gaining more control over their care journey through fast, convenient access to answers and actions. 'Long wait times and administrative complexity can be a huge source of stress for patients,' said Michael Anderson, Executive Vice President of Enterprise AI at SoundHound AI. 'We are proud to partner with Allina Health on this important digital transformation. The organization is taking a forward-thinking approach by integrating AI to support patients with immediate, personalized assistance.' SoundHound provides healthcare organizations with AI agents that leverage the latest in conversational and generative AI technology, ensuring reliability, security, and scalability. These AI agents are HIPAA-compliant and available across any voice- or chat-based channel to answer patient questions and automate self-service tasks through natural-language conversations. For more information on SoundHound's Amelia AI Agents for Healthcare, visit: For more information on SoundHound AI, visit: About SoundHound AI SoundHound AI (Nasdaq: SOUN), a global leader in voice and conversational intelligence, delivers AI solutions that allow businesses to offer superior experiences to their customers. Built on proprietary technology, SoundHound's voice AI delivers best-in-class speed and accuracy in numerous languages to product creators and service providers across retail, financial services, healthcare, automotive, smart devices, and restaurants. The company's various groundbreaking AI-driven products include Smart Answering, Smart Ordering, Dynamic Drive-Thru, and the Amelia Platform, which powers AI Agents for enterprise. In addition, SoundHound Chat AI, a powerful voice assistant with integrated Generative AI, and Autonomics, a category-leading operations platform that automates IT processes, have allowed SoundHound to power millions of products and services, and processes billions of interactions each year for world class businesses. About Allina Health Allina Health is dedicated to the prevention and treatment of illness and enhancing the greater health of individuals, families and communities throughout Minnesota and western Wisconsin. A nonprofit health care system, Allina Health cares for patients from beginning to end-of-life through its 90+ clinics, 12 hospital campuses, 13 retail pharmacies, and many specialty care centers and specialty medical services, home care, and emergency medical transportation services. Learn more at and join us on Facebook, X , Instagram and LinkedIn. View source version on CONTACT: Media Contact Fiona McEvoy 415-610-6590 [email protected] KEYWORD: CALIFORNIA UNITED STATES NORTH AMERICA INDUSTRY KEYWORD: DATA MANAGEMENT TECHNOLOGY HEALTH GENERAL HEALTH HEALTH TECHNOLOGY TELECOMMUNICATIONS SOFTWARE ARTIFICIAL INTELLIGENCE INTERNET VOIP TELEMEDICINE/VIRTUAL MEDICINE SOURCE: SoundHound AI, Inc. Copyright Business Wire 2025. PUB: 05/29/2025 08:55 AM/DISC: 05/29/2025 08:54 AM
Business Wire
3 days ago
- Business
- Business Wire
SoundHound AI and Allina Health Launch AI Agent to Redefine Patient Engagement
SANTA CLARA, Calif.--(BUSINESS WIRE)--SoundHound AI, Inc. (Nasdaq: SOUN), a global leader in voice artificial intelligence, today announced its partnership with Allina Health and deployment of 'Alli, ' an AI agent for patient engagement, powered by its Amelia conversational AI platform. Average call time has improved by 5–10 seconds, and 80% of calls are now answered in 45 seconds or less, without increasing staffing levels. Share Alli answers calls within Allina Health's Customer Experience Center and integrates directly with Allina Health's electronic medical record system, allowing it to instantly identify and authenticate callers. The AI agent allows patients to manage their appointments, and in the future patients will be able to refill medications, find doctors or locations, and receive answers to non-clinical questions – all without having to wait on hold. This eliminates the need for customer experience representatives to spend time on manual verification, accelerating access to care. Since launch, Alli has significantly improved operational performance for Allina Health. Average call time has improved by 5–10 seconds, and 80% of calls are now answered in 45 seconds or less, without increasing staffing levels. 'One of our key goals is to make sure that we're providing a market-leading patient experience,' said David Ingham, DO, Allina Health Chief Information Officer. 'Alli is an extension of our team, and we're excited to have her on board to streamline operations, reduce wait times, and deliver a faster, more seamless experience for our patients.' By offloading routine tasks to Alli, Allina Health's customer experience representatives are now able to focus on patients who have more complex or sensitive needs, providing the white-glove service and personalized support those situations require. Patients also benefit from increased self-service capabilities, gaining more control over their care journey through fast, convenient access to answers and actions. 'Long wait times and administrative complexity can be a huge source of stress for patients,' said Michael Anderson, Executive Vice President of Enterprise AI at SoundHound AI. 'We are proud to partner with Allina Health on this important digital transformation. The organization is taking a forward-thinking approach by integrating AI to support patients with immediate, personalized assistance.' SoundHound provides healthcare organizations with AI agents that leverage the latest in conversational and generative AI technology, ensuring reliability, security, and scalability. These AI agents are HIPAA-compliant and available across any voice- or chat-based channel to answer patient questions and automate self-service tasks through natural-language conversations. For more information on SoundHound's Amelia AI Agents for Healthcare, visit: For more information on SoundHound AI, visit: About SoundHound AI SoundHound AI (Nasdaq: SOUN), a global leader in voice and conversational intelligence, delivers AI solutions that allow businesses to offer superior experiences to their customers. Built on proprietary technology, SoundHound's voice AI delivers best-in-class speed and accuracy in numerous languages to product creators and service providers across retail, financial services, healthcare, automotive, smart devices, and restaurants. The company's various groundbreaking AI-driven products include Smart Answering, Smart Ordering, Dynamic Drive-Thru, and the Amelia Platform, which powers AI Agents for enterprise. In addition, SoundHound Chat AI, a powerful voice assistant with integrated Generative AI, and Autonomics, a category-leading operations platform that automates IT processes, have allowed SoundHound to power millions of products and services, and processes billions of interactions each year for world class businesses. About Allina Health Allina Health is dedicated to the prevention and treatment of illness and enhancing the greater health of individuals, families and communities throughout Minnesota and western Wisconsin. A nonprofit health care system, Allina Health cares for patients from beginning to end-of-life through its 90+ clinics, 12 hospital campuses, 13 retail pharmacies, and many specialty care centers and specialty medical services, home care, and emergency medical transportation services. Learn more at and join us on Facebook, X, Instagram and LinkedIn.
