That’s because it’s easier to have dramatic gains when you’re starting with a smaller market capitalization<\/a>. Palantir had a market cap of less than $50 billion when I first bought the stock in 2022, and its current $431 billion market cap now makes it one of the largest companies in the world.<\/p>\n Its stock has gained 2,210% since July 2022. And if it were to gain another 2,210% in the next three years, it would have a market cap of $10 trillion — more than twice as large as the current market leader, Nvidia<\/a>. <\/p>\n Obviously, that’s not happening. To find an artificial intelligence (AI) stock<\/a> with the potential for a Palantir-size gain over the next three years, we need to examine one that still has significant growth ahead. One that I’m considering right now is a stock I’ve been skeptical about in the past: SoundHound AI (SOUN<\/a> +1.15%).<\/p>\n Image source: Getty Images.<\/p>\n What is SoundHound AI?<\/p>\n SoundHound operates an AI platform that allows users to have conversations to use voice-enabled services and apps. Voice-enabled products have been around for a long time — for example, automated customer-service phone numbers and voice assistants such as Siri and Alexa. However, the early iterations of this technology were clunky enough to create significant user frustration.<\/p>\n SoundHound, which went public in 2021, primarily worked in the automotive and restaurant industries before taking a significant step forward in 2024 with its $80 million acquisition of Amelia AI, an AI agent that is customizable for internal use or public-facing applications. <\/p>\n The acquisition pushed SoundHound’s corporate client base to more than 200 customers. However, the company still hasn’t been able to turn a profit, and investors may have signaled this year that they’re becoming concerned about the stock: Shares are down more than 40% this year.<\/p>\n Today’s Change<\/p>\n (1.15%) $0.13<\/p>\n Current Price<\/p>\n $11.02<\/p>\n Key Data Points<\/p>\n Market Cap<\/p>\n $4.6B<\/p>\n Day’s Range<\/p>\n $10.81 – $11.15<\/p>\n 52wk Range<\/p>\n $6.52 – $24.98<\/p>\n Volume<\/p>\n 690K<\/p>\n Avg Vol<\/p>\n 41M<\/p>\n Gross Margin<\/p>\n 30.02%<\/p>\n Part of the problem may be the company’s third-quarter earnings report<\/a>, which showed a sharp net loss of $109.3 million, versus a loss of $21.7 million a year ago. The loss wiped out its impressive $42 million in revenue, which was up 68% from a year ago.<\/p>\n However, $66 million of the loss was due to a noncash, nonoperating accounting charge related to previous acquisitions. The adjusted net loss was $13 million, which was an improvement from a year ago. And most importantly, the business ended the quarter with zero debt and cash on hand of $269 million. <\/p>\n In addition, SoundHound is increasing its client base, including by the following:<\/p>\n A deal to integrate SoundHound Chat AI into “double-digit millions of AI-enabled smart devices” developed by an unnamed Chinese company. What should you expect from the stock?<\/p>\n Analysts surveyed by Yahoo! Finance are unanimous in their prediction that SoundHound stock<\/a> will move higher in the next year. The mean price target of $17.19 is 53% higher than the current stock price; the low price target of $15 is 33% higher.<\/p>\n<\/p>\n
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\nAn agreement with an Italian commercial-vehicle company to install voice AI in its fleet.
\nExpansions of the scope of contracts with three top financial services institutions.
\nAn agreement with a U.S. regional hospital system to deploy the Amelia platform.
\nA deal to supply a national full-service restaurant chain with voice-ordering technology.
\nAn agreement with a telecommunications provider that offers TV and internet in 20 U.S. states.<\/p>\n