$SoundHound AI (SOUN.US)$ to be quite honest this stock is s...

101652270 : Negative FCF, net margin and not profitable, better not to give ppl false hope

Rich365 OP : its not negative and there's no false hope.you must be one of those tools trying to short this.you still have some  dummies waiting for this to still go under $2.you clearly no nothing about what soundhound is about.just how I told ppl to be patient  and it'll be at least 10 bucks within a year.and that was just over a year ago.it went to 10 alright.it blew past that and kept going.need to learn fundamentals as well.

10baggerbamm : one has to be realistic.. there's no fundamental change in this company from when it was 9 to 10 dollars versus $20 today.
the chain of restaurants that they picked up a couple of weeks ago that has a thousand or 1100 locations I'm sure somebody will tell me the exact number is not a fork in the road for the company.
they still are not profitable they still are burning a lot of cash they still have a history of diluting shareholders and they still have a history of insiders selling rallies.
the valuation relative to sales is extremely high. if Nvidia were to trade at the multiple of revenues that this company does Nvidia would be hundreds and hundreds of percent higher in current price it would be a $4 trillion dollar plus market cap today probably $5 trillion and you have to excuse me it's early I'm only on my first cup of coffee I was up till the wee hours in the morning last night.
what has changed is this has become a momentum play that's it for whatever the reasons this is become a Wall Street darling and money is running into this company that's the only thing that has changed.
I'm not complaining I've been in the stock since the warrants for 20 cents and the common stock was under $2 a share I've traded it multiple times and I've left my profits in the company and if it turns out to be an 800 lb gorilla I'm going for the ride if they go to zero I've got a tax loss it makes no difference to me at this point.
but throwing numbers around saying it could be 30 or $40 it could be as well as it could be right back down to five or $6 and that's because there's no material change in the company they are not profitable and best case according to the CEO Kayvon it won't be best case until December 25 and for those that have been in this and listen to the CEO during the conference calls this company should have been profitable right now so they deferred profitability for another 12 months if you want to call it that.

Rich365 OP 10baggerbamm : and soundhounds biggest competition  is who?

MarketMunch : Don’t bother the comments lol

10baggerbamm Rich365 OP : okay so that's a very good question.
I'm sure what I'm going to say is going to piss off a lot of people and well so be it.
SoundHound patented IP they're large language model is functionally obsolete it's worthless everything that they have based the company on which are their patents where they burned hundreds and hundreds of millions of dollars over the past 10 years all that is obsolete and that's because chat is vastly superior to everything that they have.
if you go back a year and a half ago you will see the CEO pounding the table saying how their true voice llm is 85 to 90% accurate before human intervention needs to occur compared to chat which was only about 60 to 65%.
if you do a search and spend any time you'll see there's dozens and dozens of private companies utilizing chat for order entry globally. there's dozens and dozens that are using it for call center answering services that was what the talked about... except he used a smaller scale saying barbershops small businesses don't need to stop what they're doing they have their attendant they're automated answering question answering solving booking appointments go back and listen to him and this is revolutionary for the small businesses so he again he referenced barbershops.

10baggerbamm Rich365 OP : pt 2
there's an abundance of competition and they're all using chat and chat is evolving at a much faster rate than anything that sound hounds llm patented true voice portfolio of patents is worth. the proof is they bought a chat company last year this year they closed on it earlier this year and that's the foundation model of their business going forward.
there is no winner yet everybody is still trying to figure out who the 800 lb gorilla will be.. this is why I am an advocate for leaving profits in companies.
but make no mistake about it there's a tremendous amount of competition and the biggest problem and I've said this before they are taking too damn long on fulfillment White Castle has 1100 company owned no franchise restaurants fast food burger joints and this whole year they're only going to be installing in I think he said 120 is the goal plus or minus by the end of this calendar year 2024.. that sucks so they're talking three to four years to do all of the stores and that's too long. they need to ramp up the ability to be the software the AI the hardware behind the fast food restaurant businesses they need to blanket the country, the world because the first company that is able to execute on the fulfillment side wins.