12 Best AI Stocks to Invest in According to Reddit

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8. SoundHound AI Inc. (NASDAQ:SOUN)

Number of Hedge Fund Holders: 21

SoundHound AI Inc. (NASDAQ:SOUN) develops advanced voice AI solutions for various industries. It offers the Houndify platform, SoundHound Chat AI, and Smart Answering, all powered by ML and natural language processing. Its technology enables businesses to create sophisticated conversational experiences across automotive, TV, IoT, and customer service applications.

A major development is the company’s voice commerce ecosystem, which links voice assistants with AI customer service for seamless voice transactions. This system, shown at CES 2025, has attracted interest from automakers and restaurant chains, with multiple proof-of-concepts (POCs) underway. The company is also developing Agentic AI, which is a collaborative network of autonomous agents coming together to achieve complex tasks and move beyond simple API interactions.

H.C. Wainwright analyst Scott Buck reiterated a Buy rating on SoundHound AI Inc. (NASDAQ:SOUN) with a $26.00 price target on March 3. This was due to the company’s strong Q4 2024 performance, which surpassed revenue forecasts and led to an increased 2025 revenue guidance. The total revenue hit a record $35 million in Q4, which was over a 100% year-over-year increase. The revised 2025 revenue forecast is between $157 to $177 million.

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