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Penny stocks receive little to no attention because they are risky investments. Due to their low liquidity and susceptibility to market speculation, penny stocks can experience wild price fluctuations that are often driven by hype rather than underlying fundamentals.
However, this is not the case for SoundHound AI (SOUN), a pure-play AI company. With the dawn of the artificial intelligence (AI) era, SoundHound AI has piqued the interest of numerous investors. SoundHound's improving fundamentals have prompted analysts and investors to consider its long-term prospects. Furthermore, chip giant Nvidia's (NVDA) $3.7 million investment in the company piqued curiosity among investors.