Snowflake and SoundHound AI emerge as long-term buys after AI stock sell-off
Updated
Updated · The Motley Fool · May 8
Snowflake and SoundHound AI emerge as long-term buys after AI stock sell-off
6 articles · Updated · The Motley Fool · May 8
Snowflake is down 33% this year, while SoundHound has fallen 14% and remains 65% below its late-2024 peak.
The analyst says Snowflake's data platform and Cortex AI business support growth, while SoundHound's speech-recognition and acquisition strategy could strengthen its position in restaurant and conversational AI markets.
The pullback followed investor flight from speculative growth shares amid the Iran war, inflation and uncertain monetary policy, potentially creating entry points despite slowing sales growth, valuation concerns and continuing losses.
With its growth slowing, can Snowflake's AI strategy outmaneuver tech giants, or is its cheapest valuation yet a sign of deeper trouble?
SoundHound bets on agentic AI through acquisitions. Is this a fast track to market dominance or a high-risk cash burn before profitability?
Amidst war and inflation, are 'unloved' AI stocks truly discounted gems or justifiably risky bets in a highly volatile market?