We recently compiled a list of the 10 Buzzing AI Stocks Dominating Headlines. In this article, we are going to take a look at where SoundHound AI, Inc. (NASDAQ:SOUN) stands against the other AI stocks.
Tiger Brokers, an online brokerage firm, has recently revealed that it has embedded DeepSeek’s model into its AI-powered chatbot. The DeepSeek-R1 model integrated into TigerGPT signifies a strategic move made by the firm to enhance the platform’s capabilities and user experience. The move comes amid brokerages and money managers racing to leverage the start-up’s artificial intelligence breakthrough.
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Other Chinese brokers and fund managers who have integrated DeepSeek’s model include Sinolink Securities, CICC Wealth Management, and China Universal Asset Management. Their integrations have allowed them to radicalize how they conduct research, manage risks, make investment decisions, and even interact with clients.
The R1 model will allow Tiger Brokers to help customers analyze valuations, and make trading decisions and as Wu Tianhua, Tiger Brokers’ founder and CEO puts it, “feel the beauty of investment”, all by tapping on their financial data.
“Its impact is real. It’s no longer a concept, or a marketing trick,” he told Reuters in an interview.
Chinese firms may be integrating DeepSeek fast into their operations, but tech firms in the US are racing hard to develop their own. In the latest news, Elon Musk’s artificial intelligence startup xAI has revealed the Grok-3 model, a version of its chatbot that is launched to rival OpenAI merely days after Musk’s unsolicited cash bid to buy the company was rejected.
Grok-3 is available to Premium+ subscribers on X. The service costs $22 a month. In comparison, full access to OpenAI’s GPT-4o costs $200 a month. xAI has also revealed its plans to start a new subscription called SuperGrok for the bot’s mobile app and Grok.com website. Bloomberg reported that xAI plans to open-source preceding versions of Grok models as soon as the latest one is fully mature. This move coincides with similar ones made by other AI firms after the launch of DeepSeek’s AI models, reflecting a broader AI trend toward transparency and collaboration.
For this article, we selected AI stocks by going through news articles, stock analysis, and press releases. These stocks are also popular among hedge funds.
Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 275% since May 2014, beating its benchmark by 150 percentage points (see more details here).
A software engineer focused on a computer screen, writing code to create a conversational assistant.
SoundHound AI, Inc. (NASDAQ:SOUN)
Number of Hedge Fund Holders: 11
SoundHound AI, Inc. (NASDAQ:SOUN) is a voice artificial intelligence company offering voice AI solutions to businesses. On February 18, Michael Latimore from Northland Securities maintained a “Hold” rating on the stock with a price target of $8.00.
The stock crashed on Friday, February 14, after Nvidia revealed in its latest filing that it had sold off its stakes in SoundHound AI, Inc. (NASDAQ:SOUN). The chip maker had initially invested in the company back in 2017 as part of a $75 million funding round but disclosed its stakes in February 2024.
Before the news of its selloff by Nvidia, the AI Company announced the launch of Brand Personalities on February 5th, a cutting-edge feature for its SoundHound Chat AI Automotive voice assistant. The cutting-edge innovation allows automakers to customize unique personas for their in-vehicle voice assistants, improving both user experience and brand loyalty for Original Equipment Manufacturers (OEMs).
Overall SOUN ranks 8th on our list of the buzzing AI stocks dominating headlines. While we acknowledge the potential of SOUN as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter timeframe. If you are looking for an AI stock that is more promising than SOUN but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.
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Disclosure: None. This article is originally published at Insider Monkey.
