The conversational AI company is increasing sales quickly, but profitability remains elusive.
SoundHound AI ( SOUN 2.79% ) quickly became a top AI stock over the past several years, as the company's conversational AI platform has been adopted by restaurants, automakers, healthcare leaders, and more. SoundHound's ability to attract new customers and rapidly increase its revenue has helped push its share price up nearly 200% over the past year.
But the company isn't without its issues. Profitability remains elusive; the company's gross margins have ticked downward over the past year, and its valuation is sky-high. That has left many investors wondering where SoundHound might be over the coming year and whether the stock is a buy right now. Here's what I think could happen w