Marketing tech
from24/7 Wall St.
7 hours agoSoundHound Grew Revenue 59% but Its Stock Is Down 30% This Year
SoundHound AI's stock is down 30% despite strong Q4 results and a new product launch, causing investor skepticism.
A market lead in digital advertising drives most of the Google parent's current revenue, and consequently, its future appears to lie in offerings driven by artificial intelligence (AI) like Google Cloud and Waymo. However, technology like Google Assistant and voice commands on Android have helped make Alphabet a major player in voice-powered commerce. Also, the company just introduced Gemini Enterprise for Customer Experience, which can direct customers to specific products through natural language.