Why SoundHound Stock Is Soaring Today
With today's gains, SoundHound's market capitalization has been pushed up to roughly $8.8 billion. The company is now trading at approximately 105 times this year's expected sales.SoundHound's conversational AI services suggest highly scalable business opportunities, and it's likely that demand for this kind of software will continue to increase rapidly over the long term. On the other hand, investors should keep in mind that the stock's highly growth-dependent valuation opens the door for high