Jim Cramer on SoundHound: “I Would Take a Little Bit off Tomorrow”

SoundHound AI, Inc. (NASDAQ:SOUN) is one of the stocks Jim Cramer recently offered insights on. When a caller asked about the stock, Cramer replied:

“Yeah, you see, SoundHound is a company that got, what happened is it got NVIDIA’s endorsement, and ever since then it’s been on fire. I say this, I say, it’s up a great deal. It’s not making money. I would take a little bit off tomorrow and then let the rest run.”

SoundHound AI, Inc. (NASDAQ:SOUN) provides voice artificial intelligence solutions that enable businesses to create conversational interfaces. The company’s technologies power real-time voice assistants, customer service tools, and smart device integrations. During the September 18 episode, a caller inquired about the stock, and Cramer replied:

“SoundHound, it’s a meme stock. You know, I don’t, I just am not into the meme, I mean, I’m willing to talk about the meme stocks forever, research the meme stocks forever, but own the meme stocks forever? No.”

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.

READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.

Disclosure: None. This article is originally published at Insider Monkey.