SoundHound AI’s Stock Potential: Can $10,000 Turn Into $1 Million?

SoundHound AI (SOUN) has emerged as a favorite among artificial intelligence investors, buoyed by its status as a pure-play AI stock with remarkable performance. The stock peaked at $24 in late 2024 amid significant hype, then faced a sell-off in 2025 before rebounding as financial results began to justify the initial excitement. Despite trading 40% below its all-time high, the company's fundamentals appear stronger than ever.

The firm's audio recognition technology, which enables lifelike human-AI interactions, is gaining traction. Applications range from automating drive-thrus to enhancing digital assistants in vehicles—a market yet to fully penetrate North America. While legacy products like Siri and Alexa have struggled with performance, SoundHound's solutions outperform both humans and existing AI in specific tasks, such as processing drive-thru orders.