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Nasdaq Sell-Off: It's Finally Time to Buy This Market Darling Again
Why is this artificial intelligence (AI) stock finally a buy again after a long pause? The Nasdaq sell-off is creating a golden opportunity for smart investors.
Some short-term market pain can set you up for long-term gain. That's what's going on with SoundHound AI (NASDAQ: SOUN) right now.
Wall Street is backing away from pricey Nasdaq Composite stocks due to economic uncertainty (the index is down nearly 14% from its all-time high as of this writing), and SoundHound AI's stock is trading down more than 22% so far in March. Opportunistic investors should be able to make a mint in the long run by picking up this promising tech stock, now trading at a more reasonable price.
I've been a SoundHound AI fan for years. The company was an artificial intelligence (AI) innovator long before it was cool. Its eponymous song-identification application has been around since 2006 -- years before the first modern smartphone hit store shelves. The app generated an unrivaled store of audio data and user satisfaction scores, adding up to an AI-driven audio interpretation system.
