Jim Cramer on SoundHound: "It's a Meme Stock"

SoundHound AI, Inc. (NASDAQ:SOUN) is one of the stocks Jim Cramer was focused on. A caller asked for Cramer’s thoughts on the stock, and he stated:

“SoundHound, it’s a meme stock. You know, I don’t, I just am not into the meme, I mean, I’m willing to talk about the meme stocks forever, research the meme stocks forever, but own the meme stocks forever? No.”

SoundHound AI, Inc. (NASDAQ:SOUN) develops voice AI solutions that power conversational experiences for industries such as automotive, IoT, and customer service. In a July episode, while answering a question about the company, Cramer said:

“SoundHound, okay. So SoundHound is one of those stocks that has to be eviscerated over the next couple of days because it’s part of the evisceration crowd. I mean, one of the things that’s happening here is we’re in a rotation, selling all these stocks and… buying a stock in Campbell Soup. Now that is not necessarily my kind of rotation, but it is one that is going on. And I have to say, I would be a little careful, SoundHound.”

While we acknowledge the potential of SOUN as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.