Jim Cramer on SoundHound AI: “I Have Always Felt That It’s Just a Continual Money Loser”

SoundHound AI, Inc. (NASDAQ:SOUN) is featured in Mad Money’s latest recap as Jim Cramer shared his buy, sell, or hold verdict. A caller inquired about the stock and noted that, while it has been getting “annihilated,” it has been up recently. Cramer replied:

Well, look, I have to tell you, the stock only got to where it was because NVIDIA, for a moment, had a cup of coffee with that stock. And I’ve gotta tell you, I have always felt that it’s just a continual money loser, and we don’t recommend continual money losers on Jim Cramer’s Mad Money.

A technical stock market chart. Photo by Energepic from Pexels

SoundHound AI, Inc. (NASDAQ:SOUN) develops voice AI technologies that enable businesses to create conversational and intelligent voice experiences. A caller sought Cramer’s advice on the stock during the March 11 episode, and he replied:

I’ve been watching this thing go south. You know, everyone got all excited because Jensen had a position in this. It’s kind of like that Recursion. But you know he, I don’t see him as a big shareholder anymore. And I’ve gotta tell you, this is one of those companies that is a meme stock, and meme stocks that are losing money are ixnayed.

While we acknowledge the risk and 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 time frame. If you are looking for an AI stock that is more promising than SOUN and that has 10,000% upside potential, check out our report about this cheapest AI stock.

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