Was Jim Cramer Right About These 11 Stocks?

1. SoundHound AI, Inc. (NASDAQ:SOUN)

Number of Hedge Fund Holders: 18

In that older episode, a caller asked about SoundHound AI, Inc. (NASDAQ:SOUN), which had received an investment from Nvidia back then but had failed to gain momentum since. Cramer downplayed the hype, saying:

“SoundHound — it comes over constantly in what we call the crawl, and it’s just because Nvidia put the money in. It has not meant anything. I am not going to start making a mountain out of this particular molehill.”

Cramer dismissed this one but it rallied hard with a 91.98% gain. SoundHound AI, Inc. (NASDAQ:SOUN) powers voice assistants and conversational AI across automotive, hospitality, and IoT sectors using proprietary speech recognition.

Cramer is clear that he doesn’t like stocks that don’t make money. Here’s what he said when asked about the stock on May 19:

“SoundHound, I gotta look at Professor Ben Stoto, the scientist. He and I often coagulate about SoundHound, there’s a new way to use a bad verb, and it’s not true. Here’s the deal, I think SoundHound is really, it’s not a thing of imagination. They could end up making money, but enough, enough with the SoundHound. Hey, look, I tolerate Palantir. How much can you ask from one person?”

While we acknowledge the potential of SOUN as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than SOUN and that has 100x upside potential, check out our report about this cheapest AI stock.

READ NEXT: 10 AI Stocks on Analyst’s Radar Today and 10 AI Stocks on Wall Street’s Radar. 

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