I just sent the email... nervous.
Here is my bull case:
--> Most people don't know this but at some point NVDA invested in this co. I think that is huge.
-->The company has nearly tripled its first-quarter revenue in just two years while better-leveraging expenses and more than doubling its cash position to a record high of roughly $225 million on the balance sheet.
Way back in the day I made a small fortune on a stk that did computer voice stuff... I'm spacing the name but when you get a fake person you are potentially interacting with SOUN tech... It's wild this market hasn't expanded. The old co was bought by someone... I cannot remember the name...
With Smart Ordering, “we (SOUN) handle millions of calls per month, and we power national brands such as Chipotle, Casey’s, Firehouse, Noodles, and Five Guys.”
-->Last year, the company unveiled SoundHound Chat AI, which combines the power of large language models with its AI assistant, and signed up such automotive brands as Opel, Peugeot, Vauxhall, Alfa Romeo, and Lancia.
"We also went live into production with Stellantis vehicles in Japan," Mohajer said, adding that with Stellantis, SoundHound became the first company to launch a voice assistant integrated with OpenAI's ChatGPT chatbot into vehicles.
In a research note to institutional investors, Wedbush analyst Dan Ives said that Soundhound delivered "a robust quarter with AI momentum front and center."
Ives said SoundHound "noted strength across its partnership ecosystem" highlighted by Nvidia, "where the company will deliver in-vehicle voice-enabled generative AI responses that don’t require connectivity" with large language models running on the Nvidia Drive computer platform "as the company’s new products are leading to increased demand across multiple industries."
-->The analyst maintained his outperform rating and $9 price target
"The company is well-positioned to capitalize on the demand for AI chatbots with a strong focus on partnerships and more use cases being provided while expanding its voice-enabled ecosystem to accelerate growth and margin," Ives said.
"Overall, we believe this was a major step in the right direction for the SOUN story," he said.
Here is my bull case:
--> Most people don't know this but at some point NVDA invested in this co. I think that is huge.
-->The company has nearly tripled its first-quarter revenue in just two years while better-leveraging expenses and more than doubling its cash position to a record high of roughly $225 million on the balance sheet.
Way back in the day I made a small fortune on a stk that did computer voice stuff... I'm spacing the name but when you get a fake person you are potentially interacting with SOUN tech... It's wild this market hasn't expanded. The old co was bought by someone... I cannot remember the name...
With Smart Ordering, “we (SOUN) handle millions of calls per month, and we power national brands such as Chipotle, Casey’s, Firehouse, Noodles, and Five Guys.”
-->Last year, the company unveiled SoundHound Chat AI, which combines the power of large language models with its AI assistant, and signed up such automotive brands as Opel, Peugeot, Vauxhall, Alfa Romeo, and Lancia.
"We also went live into production with Stellantis vehicles in Japan," Mohajer said, adding that with Stellantis, SoundHound became the first company to launch a voice assistant integrated with OpenAI's ChatGPT chatbot into vehicles.
In a research note to institutional investors, Wedbush analyst Dan Ives said that Soundhound delivered "a robust quarter with AI momentum front and center."
Ives said SoundHound "noted strength across its partnership ecosystem" highlighted by Nvidia, "where the company will deliver in-vehicle voice-enabled generative AI responses that don’t require connectivity" with large language models running on the Nvidia Drive computer platform "as the company’s new products are leading to increased demand across multiple industries."
-->The analyst maintained his outperform rating and $9 price target
"The company is well-positioned to capitalize on the demand for AI chatbots with a strong focus on partnerships and more use cases being provided while expanding its voice-enabled ecosystem to accelerate growth and margin," Ives said.
"Overall, we believe this was a major step in the right direction for the SOUN story," he said.