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Summary: SoundHound is attracting attention with its innovative voice AI technology, revolutionizing how people interact with devices. As a result, many investors are eager to invest in the company. In this guide, you will learn how to buy SoundHound stock on an online investment platform such as eToro.
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About SoundHound
SoundHound (NASDAQ: SOUN) is a leading player in the voice artificial intelligence (AI) market. The company focuses on creating conversational AI technology that enhances user experiences across various industries, including automotive, healthcare, and hospitality.
How to buy SoundHound stock: Step-by-step
SoundHound’s common shares are traded on the NASDAQ under the ticker symbol SOUN.
To invest in SoundHound, follow these steps:
- Find a broker: Choose a regulated online brokerage platform that lists SOUN shares;
- Register and fund your account: Open an account and deposit funds into it;
- Place a trade: Locate SOUN shares on the broker’s platform and place a trade;
- Monitor your investment.
Step 1: Find a broker
To buy SoundHound stock, first, register a trading account with a proven and regulated broker that provides access to the NASDAQ and SOUN shares.
Our go-to broker for AI stocks is eToro, a trading platform with 30 million global users and investing features such as:
- Commission-free stock and ETF trading;
- Over 2,000 stocks from 17 different exchanges;
- Fractional shares;
- Charting tools;
- User-friendly platform.
Highly Rated Stock Trading & Investing Platform
-
Invest in 2,800+ stocks and other assets including 70+ cryptocurrencies and commodities.
-
0% commission on buying stocks - buy in bulk or just a fraction from as little as $10. Other fees apply. For more information, visit etoro.com/trading/fees.
-
Copy top-performing traders in real time, automatically.
-
eToro USA is registered with FINRA for securities trading.
Step 2: Fund your account
Next, register and verify an account. The registration process varies between brokers but typically requires some form of government ID for identity verification during the know-your-customer (KYC) procedure. Once your account is set up and verified, you can transfer funds using:
- Bank transfers;
- Credit/debit cards;
- E-wallets;
- Third-party payment systems like PayPal.
Step 3: Place a trade
Finally, you can buy SoundHound stock by following these steps:
- Log in on your broker’s website;
- Find SOUN shares;
- Specify the number of shares you wish to buy;
- Select order type (i.e., market, limit, stop-loss, etc.);
- Review all the details;
- Execute the trade.
Step 4: Monitor your investment
Actively monitor your investments to ensure they meet your expectations.
Utilize the charting tools and market analysis features on your broker’s platform to track stock price movements and stay abreast of the most important market changes. Additionally, diversify your investment portfolio by exploring new stock opportunities-
Additionally, try to conduct technical analysis to track historical prices and volume data to forecast future prices and figure out whether the stock is a buy or not.
Disclaimer: TradingView does not recommend trading financial instruments based exclusively on the advice of the Technical Rating indicator. These recommendations cannot predict future movements and are meant as assistance for spotting potentially favorable buy/sell conditions if this is consistent with their strategy.
SoundHound stock price today
Pros and cons of investing in SoundHound stock
Pros
- Innovative technology: Voice AI is a rapidly advancing field with the potential to change education and healthcare;
- Growth potential: The increasing adoption of AI in a large number of industries offers significant growth opportunities;
- Global market: AI has global, industry-wide applicability, so SoundHoud can capitalize on the demand;
Cons
- Market risks and volatility: AI stocks can be subject to significant market fluctuations;
- Competition: SoundHound is competing with the largest AI companies, such as Microsoft and OpenAI;
- Industry risks: The AI industry is relatively new, so it faces technological and regulatory challenges;
- Financial health: SoundHound has been reporting losses recently.
Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.
FAQs about how to buy SoundHound stock
Is SoundHound a good stock to buy?
SoundHound can be a suitable buy for those looking to invest in AI, especially its voice application. However, as stocks are inherently risky, it’s essential that you rely on fundamental analysis and conduct thorough research before investing.
Who owns SOUN stock?
The largest SOUN shareholders include Vanguard Group Inc., Blackrock Inc., and State Street Corporation.
Is SoundHound a buy or a sell?
Determining whether SoundHound is a buy or sell requires a comprehensive analysis considering various factors, such as the company’s financial health, growth potential, and valuation.
Can you buy SoundHound stock?
Yes, you can buy SoundHound stock on investment platforms such as eToro.
Does SoundHound pay dividends?
No, as of May 2024, SoundHound does not pay dividends.
How do I buy SoundHound stock?
To buy SoundHound stock, register a brokerage account with a trading platform such as eToro.
What is SoundHound’s stock symbol?
The stock symbol for SoundHound is SOUN.
When was SoundHound’s IPO?
SoundHound’s initial public offering was in April 2022.
Highly Rated Stock Trading & Investing Platform
-
Invest in 2,800+ stocks and other assets including 70+ cryptocurrencies and commodities.
-
0% commission on buying stocks - buy in bulk or just a fraction from as little as $10. Other fees apply. For more information, visit etoro.com/trading/fees.
-
Copy top-performing traders in real time, automatically.
-
eToro USA is registered with FINRA for securities trading.
