SoundHound (SOUN) AI Bets Big on Voice: 60% of Revenue Now Tied to Amelia

We recently published a list of 10 Trending AI Stocks on Wall Street Right Now. In this article, we are going to take a look at where SoundHound AI, Inc. (NASDAQ:SOUN) stands against other trending AI stocks on Wall Street right now.

On June 3^rd, Northland analyst Michael Latimore reiterated a Market Perform rating on SoundHound AI, Inc. (NASDAQ:SOUN) with an $8.00 price target.

Analysts are optimistic about SoundHound AI’s long-term potential, particularly based on its goal to improve human-to-machine interactions and customer experiences. Its acquisition of conversational AI Company Amelia has been particularly helpful in reshaping its revenue profile and accelerating its expansion into the customer and employee service market.

60% of SoundHound’s revenue in the first quarter of 2025 is attributable to Amelia, leading to an impressive 101% year-over-year growth. The remaining revenue is estimated to come evenly from the restaurant and automotive sectors.

The analysts also highlighted SoundHound’s proprietary Voice AI platform, praised for its speed and accuracy in processing complex voice queries. Amelia integrates its software with enterprise IT systems, which helps to facilitate the adoption of virtual agents.

Analysts also pointed out that the management is optimistic about the second half of the year, anticipating significant growth backed by large Amelia software license deals and increased activity in the restaurant sector. As such, the company strives to return to pro forma organic growth by the third quarter and achieve positive EBITDA by the end of the year.

SoundHound AI, Inc. (NASDAQ:SOUN) is a voice artificial intelligence company offering voice AI solutions to businesses.

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