The world of artificial intelligence is starting to spread to different areas of everyday life, and the technology sector is one of the places where investors can still look today for a few of the best setups in the coming months. Despite the recent volatility spikes seen in the S&P 500 index, some stocks have still managed to attract new optimism from Wall Street and other institutional investors, which is the case for today’s pick.
Shares of SoundHound AI Inc. (NASDAQ: SOUN) have traded to such a low level in today’s market, with a massive 50.3% decline on a year-to-date basis so far. The size of this decline and bearish momentum should have started to turn some investors (and analysts) away from considering the company a buy. However, that is not the case in today’s setup for the company, which points to a potential double from where the company trades today.
