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SoundHound AI, Inc. (NASDAQ:SOUN) is one of the 20 Stocks Jim Cramer Wanted You To Sell & Immediately Get Out Of.

SoundHound AI, Inc. (NASDAQ:SOUN) provides conversational voice assistants for multiple hardware products. Its shares are down by 20% over the past year and by 67% since Cramer discussed them in January last year. During this time period, multiple dips have led the stock down lower. For instance, SoundHound AI, Inc. (NASDAQ:SOUN)’s shares dropped by 31% between the 3rd and the 10th. This dip occurred during the Consumer Electronics Show (CES), with media reports suggesting that investors were left unimpressed by the firm’s presentation. SoundHound AI, Inc. (NASDAQ:SOUN)’s stock then proceeded to lose another 29% between February 7th and February 14th. August gave the firm a breather when the shares closed 26% higher on the 8th. SoundHound AI, Inc. (NASDAQ:SOUN) had reported its second-quarter earnings back then, which saw the firm post $42.7 million in revenue and mark a strong 217% growth. Here is what Cramer had said about the firm on Mad Money:

“You got to ring the register on some of that. Here’s the problem with SoundHound: It’s just a chronic money loser and because of that, it actually, I think if I were them I’d sell about 50 million shares right here down in the hole and make it so you’d never worry about the cash position because they do have some interesting technology but at this point, it is a short squeeze and a short squeeze only. Until they do that stock and make it so their balance sheet’s better because they keep losing money.”

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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