12 Best Artificial Intelligence Stocks To Invest In Under $10

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6. SoundHound AI Inc. (NASDAQ:SOUN)

Share Price as of November 27: $7.61

Number of Hedge Fund Holders: 11

SoundHound AI Inc. (NASDAQ:SOUN) develops independent voice AI solutions that enable businesses to create high-quality conversational experiences. Its products include voice assistant platforms, natural language understanding, and speech recognition technologies, serving automotive, TV, IoT, and customer service industries.

The company’s Amelia AI Agents have processed over 100,000 customer calls for Apivia Courtage, a leading French insurance broker, as reported in November. Amelia AI Agents are advanced AI-powered virtual assistants that can handle customer inquiries, provide information, and resolve issues, improving efficiency and customer satisfaction. This AI-powered solution has reduced the workload of human agents by nearly 20%, enabling them to focus on more complex tasks.

SoundHound AI Inc.’s (NASDAQ:SOUN) strategic focus on AI has driven significant growth, with revenue increasing by 89.13% year-over-year in Q3 2024. This impressive growth is fueled by the increasing adoption of voice-based interactions and the growing demand for AI-powered customer service solutions.

Its advanced AI engine has enabled it to expand its customer base and enter new markets. As SoundHound AI Inc. (NASDAQ:SOUN) continues to push the boundaries of AI, it’s well-positioned to capitalize on the growing demand for intelligent voice-based solutions and drive future growth.

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