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Barchart
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Ebube Jones

Up 182% YTD, Wedbush Predicts This AI Stock Will Surge Another 50%

SOUN Wedbush SoundHound AI Nvidia Dan Ives SoundHound

In 2024, the artificial intelligence (AI) industry has continued to attract significant investment, with global AI funding reaching new heights. Crunchbase reports that AI startups globally raised over $50 billion in 2023, despite a broader venture capital slowdown, and this trend has shown no signs of slowing down in the current year. Major tech giants like Nvidia (NVDA), Microsoft (MSFT), and Alphabet (GOOGL) have been pouring billions into AI research, acquisitions, and partnerships.

One such company, SoundHound AI, Inc. (SOUN), has been making waves in the AI penny stock market, fueled by its cutting-edge voice-enabled AI and conversational intelligence technologies. SOUN has already notched a remarkable 182% surge year-to-date, thanks in part to a strategic investment from AI heavyweight Nvidia.

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