10 Stocks That Will Profit From AI

7. SoundHound AI, Inc. (NASDAQ:SOUN)

EPS next year: 24.52%

Number of Hedge Fund Holders: 21

SoundHound AI, Inc. (NASDAQ:SOUN) is a leading innovator in voice artificial intelligence, offering a proprietary platform that enables businesses across various industries—including automotive, hospitality, and consumer electronics—to integrate conversational AI into their products and services.

In Q4 2024, SoundHound AI, Inc. (NASDAQ:SOUN) reported a significant 101% year-over-year revenue increase, reaching $34.5 million. The annual revenue reached $84.7 million, marking an 85% growth compared to the previous year. SoundHound AI, Inc. (NASDAQ:SOUN) has raised its 2025 revenue outlook to a range of $157 million to $177 million, looking at a projected growth of approximately 97%.

SoundHound’s technology has been adopted by notable clients such as Hyundai, Kia, Vizio, and major restaurant chains like Chipotle and Panda Express. Additionally, SoundHound AI, Inc. (NASDAQ:SOUN) is at the forefront of the Agentic AI revolution, leveraging its proven platform and strong market position to deliver next-generation agentic capabilities.

Analysts have responded positively to SoundHound AI, Inc. (NASDAQ:SOUN)’s performance and prospects. On 13th March, Wedbush Securities analyst Daniel Ives reiterated an “Outperform” rating with a price target of $22, citing the company’s strong positioning and expanding market. Despite a recent 28% stock price decline following Nvidia’s divestment of its stake in the company, its long-term growth prospects remain promising.