Where Will SoundHound AI Stock Be in 3 Years?

Time moves quickly in the tech sector. Just three years ago, OpenAI's ChatGPT hit the scene, transforming the way people interact with information and spawning a brand new sector called generative artificial intelligence (AI). Over the next three years, investors should expect consumer-facing software companies like SoundHound AI (NASDAQ: SOUN) to play an increasingly important role in this opportunity -- potentially minting plenty of fortunes as they bring this technology into people's daily lives. Let's dig deeper to see how this story could play out for the company.There is no shortage of grandiose projections about generative AI, with analysts at Bloomberg expecting the industry to expand at a compound annual growth rate (CAGR) of 42% over the next decade. However, right now, most of the early winners are concentrated on the hardware side of the opportunity, providing the computer chips, servers, and cloud infrastructure that other businesses need to create consumer-facing software.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool