Jim Cramer on SoundHound: “It’s a Meme Stock”

SoundHound AI, Inc. (NASDAQ:SOUN) is one of the stocks Jim Cramer was focused on. A caller asked for Cramer’s thoughts on the stock, and he stated:

“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.”

nicholas-cappello-Wb63zqJ5gnE-unsplash

SoundHound AI, Inc. (NASDAQ:SOUN) develops voice AI solutions that power conversational experiences for industries such as automotive, IoT, and customer service. In a July episode, while answering a question about the company, Cramer said:

“SoundHound, okay. So SoundHound is one of those stocks that has to be eviscerated over the next couple of days because it’s part of the evisceration crowd. I mean, one of the things that’s happening here is we’re in a rotation, selling all these stocks and… buying a stock in Campbell Soup. Now that is not necessarily my kind of rotation, but it is one that is going on. And I have to say, I would be a little careful, SoundHound.”

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.