The company's stock gained 6. The voice artificial intelligence AI specialist presented at the Cantor Fitzgerald Global Technology Conference yesterday, laying out its current position and vision for the future. Our analyst team just revealed what they believe are the 10 best stocks to buy right now.
Learn More Β». At the conference, SoundHound said it is making significant inroads across multiple sectors. On the food industry front, SoundHound is working with 7 of the top 20 quick-service restaurants.
The company believes other sectors like healthcare and financial services present large opportunities in the future. That's a good position to be in for a company at the cutting edge of a new technology. However, SoundHound is in a highly competitive space where new entrants can pop up and large tech companies constantly evolve their own product offerings.
While its path to profitability was laid out by management at the conference, many unforeseen obstacles could lie in its way. It's also significant that Nvidia , which had taken a significant stake in the company, sold all of its shares recently. There are a lot of unknowns for SoundHound at the moment, but if you have a high-risk tolerance, it could be an interesting play. Ever feel like you missed the boat in buying the most successful stocks?
And the numbers speak for themselves:. Continue Β». Johnny Rice has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Nvidia.
