Jim Cramer Says “No” to SoundHound as It “Doesn’t Make Any Money”

SoundHound AI, Inc. (NASDAQ:SOUN) is one of the stocks Jim Cramer expressed thoughts on. A caller sought Cramer’s advice on the stock, and here’s what Mad Money’s host had to say in response:

“No, see, SoundHound doesn’t make any money. It’s one of those year of magical investing stocks, and that year is over.”

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SoundHound AI, Inc. (NASDAQ:SOUN) develops voice AI technologies that enable businesses to create conversational and intelligent voice experiences. Cramer called the stock a “pure spec” when a caller asked about it during the October 31 episode. He remarked:

“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.”

In addition, when a caller asked about the stock during the October 8 episode, 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.”

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.