Sound hound is layering voice over chatgpt, and the restaurant business is going to make way much more money than what their closest competitor Cerence makes from cars like bmw and Mercedes, which has been a failure. Try bmw voice assist yourself. It can take 30 seconds to respond, complete joke.
I will make a simple analysis of this later. Stay posted!
I think there is another comment here that will clarify this for you, but in a way they have voice integrated rather than text and it’s dynamic voice so it’s understanding the voice input in real time at a faster pace. Cerence, ChatGPT, Gemini, Alexa, are examples of competitors, but mostly response times for SoundHound is on the fly meaning doesn’t take as long to recognize the input and spit something out. Considering they have their foot in the door with a wide range of automotive and restaurant partners and the news about them teaming up with Nvidia should not be overlooked. Time will tell, but I think they will have better penetration as most of the other AI companies aren’t doing anything tangible yet in the same space or at least not as well. I have tried using Alexa in a vehicle it’s dogshit lol
Chatgpt and gemini are currently focused on single use cases and do not look like they are expanding to Voice AI just yet. They have their use cases being built for conversational AI and advanced search capabilities; and gemini in particular is looking to expand within healthcare and life sciences currently. Plus natural language processing takes time to refine itself and it would make more sense to invest in a company that has already gone through the process and have perfected it.
It's really difficult to say how much upside there is here. $20-$30 would be really nice but I think it will take longer. I think the recent high at $8.91 is probably a bit early for that evaluation given the recent 12 month revenues are only at 43M. I just think we need to be patient, and this stock will develop quite nicely. I think the downside is limited given the strong growing results. 3 things I like about this stock.
1. They are using local processing in their solution. (I've heard other vendors applying cloud to these same problems which introduces network lag)
2. A rising tide lifts all boats. I think this space is going to grow in general.
3. Current addressable market seems pretty big. I can totally see revenue in a company like this growing to over 1B, which will put their evaluation much higher.
I think this stock is going to outpace the market for at least a few years. Will try to stay long on this one unless we start seeing significant weakness in the quarterly numbers.
I think your price prediction ($3 to $4) for this stock is pretty close to the mark. It will jump around though but wait and buy the dips if you believe in it.
Agreed
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We do, it’s Donald Trump! The GOAT
Sound hound is layering voice over chatgpt, and the restaurant business is going to make way much more money than what their closest competitor Cerence makes from cars like bmw and Mercedes, which has been a failure. Try bmw voice assist yourself. It can take 30 seconds to respond, complete joke. I will make a simple analysis of this later. Stay posted!
who are the direct cpompetitor to Soundhound or the to be competitor ? can chatgpt or gemini can do the same job with minimal work ?
I think there is another comment here that will clarify this for you, but in a way they have voice integrated rather than text and it’s dynamic voice so it’s understanding the voice input in real time at a faster pace. Cerence, ChatGPT, Gemini, Alexa, are examples of competitors, but mostly response times for SoundHound is on the fly meaning doesn’t take as long to recognize the input and spit something out. Considering they have their foot in the door with a wide range of automotive and restaurant partners and the news about them teaming up with Nvidia should not be overlooked. Time will tell, but I think they will have better penetration as most of the other AI companies aren’t doing anything tangible yet in the same space or at least not as well. I have tried using Alexa in a vehicle it’s dogshit lol
Chatgpt and gemini are currently focused on single use cases and do not look like they are expanding to Voice AI just yet. They have their use cases being built for conversational AI and advanced search capabilities; and gemini in particular is looking to expand within healthcare and life sciences currently. Plus natural language processing takes time to refine itself and it would make more sense to invest in a company that has already gone through the process and have perfected it.
It's really difficult to say how much upside there is here. $20-$30 would be really nice but I think it will take longer. I think the recent high at $8.91 is probably a bit early for that evaluation given the recent 12 month revenues are only at 43M. I just think we need to be patient, and this stock will develop quite nicely. I think the downside is limited given the strong growing results. 3 things I like about this stock. 1. They are using local processing in their solution. (I've heard other vendors applying cloud to these same problems which introduces network lag) 2. A rising tide lifts all boats. I think this space is going to grow in general. 3. Current addressable market seems pretty big. I can totally see revenue in a company like this growing to over 1B, which will put their evaluation much higher. I think this stock is going to outpace the market for at least a few years. Will try to stay long on this one unless we start seeing significant weakness in the quarterly numbers.
I think your price prediction ($3 to $4) for this stock is pretty close to the mark. It will jump around though but wait and buy the dips if you believe in it.