Jim Cramer on SoundHound: “It’s Gotta Make Money Before I Can Get Seriously Behind It”

SoundHound AI, Inc. (NASDAQ:SOUN) is one of the stocks Jim Cramer shed light on. During the lightning round, a caller asked about the stock, and here’s what Mad Money’s host had to say:

“Alright, now, it’s a pure spec. I like the fact that it’s come back down from its high, but you need to know it does not make money. It’s gotta make money before I can get seriously behind it.”

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SoundHound AI, Inc. (NASDAQ:SOUN) develops voice AI technologies that enable businesses to create conversational and intelligent voice experiences. Answering a caller’s query about the stock during the October 8 episode, Cramer remarked:

“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.”

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