11 Penny Stocks That Will Make You A Millionaire

3. SoundHound AI Inc. (NASDAQ:SOUN)

Number of Hedge Fund Holders: 15

SoundHound AI Inc. (NASDAQ:SOUN) is an application software company based in Santa Clara, California. It develops independent voice AI solutions that enable businesses across the automotive, TV, and Internet of Things industries to deliver high-quality conversational experiences to their customers.

In the Live Action War Room, Ross Givens gave a teaser about an “AI wonder stock” that has immense profit potential built-in. Stock Gumshoe thinks that the teaser is most likely about SoundHound AI Inc. (NASDAQ:SOUN). Here are some of Givens’ comments from the newsletter:

“Founded in 2005 by a Canadian computer scientist… It’s moving fast… by leveraging 98 registered patents for cutting-edge voice and sound recognition technology… It’s already lined up a slew of major partnerships with Hyundai, Mercedes Benz, Honda, Pandora, Netflix, and many others. And recently, I noticed some suspicious buying activity… Causing the price to skyrocket by 260% in just 19 days!”

With the AI boom and SoundHound AI Inc.’s (NASDAQ:SOUN) own moves in drawing up new partnerships, investors have become increasingly interested in this stock. However, it must be noted that the company is still very much in a growth phase, so it may be some time before any investor will see magnified returns on their investment in SoundHound AI Inc. (NASDAQ:SOUN) stock.

Despite this, SoundHound AI Inc. (NASDAQ:SOUN) looks like a penny stock worth picking up right now. In its preliminary 2025 guidance, the company noted that it expects over $100 million in revenue, and it does have a history of 50% revenue growth per year since 2021.

SoundHound AI Inc. (NASDAQ:SOUN) was spotted in the 13F holdings of 15 hedge funds in the second quarter, with a total stake value of $7.5 million.