Keep an eye on SoundHound AI (SOUN), a voice recognition AI company that’s been working with car companies, restaurants, and call centers.
In February, the AI stock gapped higher on news Nvidia bought $3.7 million worth of SOUN shares. Now, the SOUN stock is turning even higher, as it nears its presentation at Nvidia’s GPU Technology Conference on March 18.
Even better, analysts are bullish.
H.C. Wainwright analyst Scott Buck, for example, just raised the firm’s price target on SoundHound to $7 from $5 and keeps a Buy rating. D.A. Davidson analysts also raised their price target on SOUN to $7.59 from $5, with a buy rating.
“The company reported a good quarter with revenue roughly in-line with expectations, and demand for SoundHound’s AI solution remains elevated. SoundHound has also won a new deal with a top U.S.-based EV maker and signed a contract with a large OEM that increases its unit volumes through 2037,” D.A. Davidson added.
If you missed our article regarding Nike (NKE) yesterday you can read it here.
![🧐 In this video, Dylan discusses a recent Bloomberg article that sheds light on the hidden dynamics within the crypto market.
[Bloomberg Article - https://www.bloomberg.com/news/articles/2024-05-15/crypto-deals-kol-investors-get-big-valuation-discounts]
From influencers to financial gurus, many key opinion leaders (KOLs) are being paid handsomely to promote certain cryptocurrencies, often leading to classic pump-and-dump schemes.
🚨 Buyer Beware: If you're investing in crypto, it's crucial to understand the game being played. As Dylan's grandfather used to say, "If you don't know who the patsy at the table is, you're the patsy." This timeless advice is more relevant than ever in today's volatile crypto landscape.
📈 Whether you're a seasoned investor or new to the crypto space, this video offers essential insights to help you navigate these murky waters. Dylan is not here to debate the legitimacy or utility of cryptocurrencies but to ensure you are aware of the tactics used to manipulate the market.
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