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Soundhound: The new star on the Sprach-Ki stock market!
Soundhound revolutionizes the language AI in the automotive sector and attracts investors. Discover the latest developments and trends.
Soundhound: The new star on the Sprach-Ki stock market!
Soundhound Inc. has become a topic in the booming world of language AI in 2024. The innovative company, which is known for its advanced technologies for language and music identification, has attracted the attention of the stock exchange. In the first months of the year, the share price was inspired by an investment by the semiconductor Giant Nvidia, which led to an impressive increase of almost 140%. But the trip was turbulent: after reaching an all -time high, the stock experienced a dramatic decline of 51%. However, the current developments show that Soundhound is willing to present an attractive opportunity for investors, especially in an era in which audio -based artificial intelligence is becoming more important, as the findings of Smartphonemagazine Take
sales growth in focus
In the first half of 2024, Soundhound had a sales increase of 62% compared to the previous year, which led to a total turnover of $ 25.1 million. Analysts expect sales to achieve $ 23 million in the third quarter, which would correspond to sales growth of 73% compared to the previous year. These forecasts could be supported by two crucial factors: On the one hand, the company has an impressive sales pipeline with a gap of subscriptions and bookings of $ 723 million, which almost doubled in the second quarter of the year, as Investmentweek reported. On the other hand, expectations for the total turnover of the company increase to at least $ 80 million.
The strategic partnerships of Soundhound in the automotive and internet of things area also strengthen the trust of investors in future growth. While the integration of advanced language and audio technologies in various applications is becoming more important, the company shows that it is well positioned in order to meet the developing requirements of the market. With this dynamic in AI technology, Soundhound could pave the way as the leading provider of voice-controlled solutions.