SoundHound AI Surges, Expensive

This is a news story, published by Yahoo Finance, that relates primarily to AI news.

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The Motley Fool

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Missed Out on SoundHound AI's Run-Up? My Best Artificial Intelligence (AI) Stock to Buy and Hold

Summary

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76% Informative

SoundHound AI has been one of the hottest artificial intelligence ( AI ) stocks on the market in 2024 , clocking stunning gains of 936% as of this writing.

The bad part is that the stock is extremely expensive right now following its remarkable surge in 2024 .

It is now trading at 109 times sales compared to Nvidia 's price-to-sales ratio.

The stock is currently trading at 25 times forward earnings, which is a discount to the tech-laden Nasdaq-100 index's earnings multiple of 33 .

AMD trades at even 30 times earnings after a year and achieves $ 5.10 per share in earnings in 2025 , its stock price could jump to $ 153 . That would be a 25% jump from current levels.

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