<p><strong>SoundHound AI</strong>(SOUN -1.00%) 今年经历了相当波动的一年。但更多的激动在前方，我认为现在是时候为下一波攀升做好准备了。</p>
<p>尽管其负面收益和令人担忧的估值比率，SoundHound AI 作为一颗未经雕琢的钻石脱颖而出。这家语音控制专家的股票目前较其先前高点大幅下跌，但不要因此而灰心。我看到这家小型人工智能 (AI) 强劲企业有着广阔的未来，今天仍然认为它是&#34;被低估&#34;的。</p>
<h2>SoundHound AI 详细分析</h2>
<p>SoundHound AI 专注于语音人工智能和对话智能技术，这些领域在我们由科技驱动的世界中变得日益重要。凭借总额高达 6.82 亿美元的长期合同积压，这家公司拥有一条清晰的未来收入路径，而这一点似乎被当前市场价格大多忽视了。</p>
<p>是的，股价从今年 2 月初以来已翻了一番多，当时人工智能巨头 <strong>Nvidia</strong>(NVDA -0.36%) 宣布对 SoundHound AI 股票进行了小规模投资。但它远低于 2022 年春季通胀严重时首次公开募股 (IPO) 后不久记录的将近 14 美元的最高价。</p>
<p>顺便说一句，围绕 Nvidia 投资的市场热情不仅仅是炒作。这是一个来自被证明的科技巨头对 SoundHound AI 长期潜力的认可。虽然股价后来有所降温，但公司的基本面却一点也不冰冷。</p>
<h2>财务指标和增长前景</h2>
<p>尽管目前尚未盈利且估值比率较高，SoundHound AI 的财务状况仍然强劲。如上所述的订单积压截至 2024 年第一季度达到近 7 亿美元，较去年同期的 3.36 亿美元有所增长。这一积压反映了客户承诺的合同和对订阅服务的现实采纳估计，为未来收入奠定了坚实基础。</p>
<p>这一栏中的飙升余额表明，客户对 SoundHound AI 的服务兴趣高涨，积压应该随着时间转化为收入。目前，该股价约为积压的 1.9 倍。</p>
<p>将积压与销售额比率进行比较可能会产生误导，因为积压代表未来潜在收入，而销售额比率基于当前收入。</p>
<p>因此，将积压与销售额比率进行完全对等比较并不公平，这家股票的 25.5 倍倍数看起来昂贵 -- 完成收入生成服务可能需要数年时间。尽管如此，大多数成长股都会为这样的积压而卖掉自己的母亲。</p>
<p>此外，SoundHound 拥有强大的财务基础。拥有 1.8 亿美元的现金余额，仅有 8550 万美元的长期债务，SoundHound 有能力继续其增长轨迹。这一坚实基础对于一家渴望增长的新兴公司的高速增长阶段至关重要，使公司能够在优化其顶线增长轨迹的同时承受底线损失。换句话说，如果没有 SoundHound AI 愿意通过债券和公开市场股票销售来融资这一业务阶段，那么这一庞大的订单积压就不会存在。</p>
<h2>长期增长定位</h2>
<p>SoundHound AI 可能看起来像一次惊险的旅程，但这正是它的魅力所在。当然，股价曾经出现过一些急剧下跌，但基本面描绘出一个充满希望的画面。公司的长期合同积压庞大，其战略举措使其为未来增长做好了准备。</p>
<p>投资者应该为一段颠簸的旅程做好准备，但潜在的回报应该值得这段不舒适的旅程。SoundHound AI 的创新技术，加上其令人印象深刻的积压，表明这个增长故事才刚刚开始 -- 这家公司成立近 20 年后。</p>
<p>对于那些愿意拥抱一些刺激并经历曲折的人来说，SoundHound AI 可能是获得超越市场回报的钥匙。它不是一只经典的价值股，但在当前过热的人工智能领域中很难找到比 Nvidia 高估值更好的购买选择。我肯定会在加倍看好 Nvidia 的高估值之前长期持有 SoundHound AI 股票。</p>

米塔金融

<p>SoundHound AI 是一家被低估的股票，在语音人工智能和对话智能领域有着光明的未来。尽管目前股价较低，但公司拥有价值 6.82 亿美元的长期合同积压，预示着潜在的未来收入。凭借稳健的财务状况，包括 1.8 亿美元的现金余额和可控的债务，SoundHound AI 为长期增长做好了准备。投资者应该做好市场波动的准备，但可能会看到超越市场的回报</p>

<p><strong>SoundHound AI</strong>(SOUN -1.00%) has had quite the roller-coaster ride this year. But there's more excitement ahead, and I say it's time to buckle up for the next climb.</p>
<div class="lb-trans"><p><strong>SoundHound AI</strong>(SOUN -1.00%) 今年经历了相当波动的一年。但更多的激动在前方，我认为现在是时候为下一波攀升做好准备了。</p>
</div><p>Despite its negative earnings and eyebrow-raising valuation ratios, SoundHound AI stands out as a diamond in the rough. The voice-control specialist's stock is currently down by a significant margin from its previous highs, but don't let that discourage you. Here's why I see a big future for this little artificial intelligence (AI) powerhouse, and why I'd still call it &#34;undervalued&#34; today.</p>
<div class="lb-trans"><p>尽管其负面收益和令人担忧的估值比率，SoundHound AI 作为一颗未经雕琢的钻石脱颖而出。这家语音控制专家的股票目前较其先前高点大幅下跌，但不要因此而灰心。我看到这家小型人工智能 (AI) 强劲企业有着广阔的未来，今天仍然认为它是&#34;被低估&#34;的。</p>
</div><h2>A closer look at SoundHound AI</h2>
<div class="lb-trans"><h2>SoundHound AI 详细分析</h2>
</div><p>SoundHound AI focuses on voice AI and conversational intelligence technologies, fields that are becoming increasingly vital in our tech-driven world. With a backlog of long-term contracts totaling a whopping $682 million, this company has a clear path to future income that seems largely ignored by the current market price.</p>
<div class="lb-trans"><p>SoundHound AI 专注于语音人工智能和对话智能技术，这些领域在我们由科技驱动的世界中变得日益重要。凭借总额高达 6.82 亿美元的长期合同积压，这家公司拥有一条清晰的未来收入路径，而这一点似乎被当前市场价格大多忽视了。</p>
</div><p>Yes, the stock has more than doubled from early February, when AI giant <strong>Nvidia</strong>(NVDA -0.36%) announced a small investment in SoundHound AI stock. But it stands far below the nearly $14 peak price recorded shortly after the initial public offering (IPO) in the inflation-burdened spring of 2022.</p>
<div class="lb-trans"><p>是的，股价从今年 2 月初以来已翻了一番多，当时人工智能巨头 <strong>Nvidia</strong>(NVDA -0.36%) 宣布对 SoundHound AI 股票进行了小规模投资。但它远低于 2022 年春季通胀严重时首次公开募股 (IPO) 后不久记录的将近 14 美元的最高价。</p>
</div><p>The market buzz around Nvidia's investment was more than hype, by the way. It was a nod from a proven tech giant recognizing SoundHound AI's long-term potential. While the stock has since cooled off, the company's fundamentals are anything but frosty.</p>
<div class="lb-trans"><p>顺便说一句，围绕 Nvidia 投资的市场热情不仅仅是炒作。这是一个来自被证明的科技巨头对 SoundHound AI 长期潜力的认可。虽然股价后来有所降温，但公司的基本面却一点也不冰冷。</p>
</div><h2>Financial metrics and growth prospects</h2>
<div class="lb-trans"><h2>财务指标和增长前景</h2>
</div><p>Despite its current unprofitability and high valuation ratios, SoundHound AI's financial health remains robust. The order backlog mentioned above amounts to nearly $700 million as of Q1 2024, up from $336 million in the year-ago period. This backlog reflects committed client contracts and realistic adoption estimates for subscription services, providing a solid foundation for future revenue.</p>
<div class="lb-trans"><p>尽管目前尚未盈利且估值比率较高，SoundHound AI 的财务状况仍然强劲。如上所述的订单积压截至 2024 年第一季度达到近 7 亿美元，较去年同期的 3.36 亿美元有所增长。这一积压反映了客户承诺的合同和对订阅服务的现实采纳估计，为未来收入奠定了坚实基础。</p>
</div><p>A skyrocketing balance in this column suggests that customer interest for SoundHound AI's services is high and rising, and the backlog should convert into revenues over time. The stock is worth about 1.9 times that backlog today.</p>
<div class="lb-trans"><p>这一栏中的飙升余额表明，客户对 SoundHound AI 的服务兴趣高涨，积压应该随着时间转化为收入。目前，该股价约为积压的 1.9 倍。</p>
</div><p>Comparing backlog to price-to-sales ratios can be misleading because backlog represents future potential revenue, whereas price-to-sales is based on current revenue.</p>
<div class="lb-trans"><p>将积压与销售额比率进行比较可能会产生误导，因为积压代表未来潜在收入，而销售额比率基于当前收入。</p>
</div><p>So it's not an entirely fair apples-to-apples comparison to price-to-sales figures, where this stock looks expensive with a 25.5x multiple -- it should take years to complete the revenue-generating services. Still, most growth stocks would sell their proverbial mothers for a backlog like that.</p>
<div class="lb-trans"><p>因此，将积压与销售额比率进行完全对等比较并不公平，这家股票的 25.5 倍倍数看起来昂贵 -- 完成收入生成服务可能需要数年时间。尽管如此，大多数成长股都会为这样的积压而卖掉自己的母亲。</p>
</div><p>Moreover, SoundHound's comes with a robust financial base. With a cash balance of $180 million and only $85.5 million of long-term debt, SoundHound is well-equipped to continue its growth trajectory. This solid foundation is crucial to the hypergrowth phase of a hungry upstart, allowing the company to take bottom-line losses while optimizing its top-line growth trajectory. In other words, that massive order backlog wouldn't be what it is without SoundHound AI's willingness to finance this business stage through debt papers and open-market stock sales.</p>
<div class="lb-trans"><p>此外，SoundHound 拥有强大的财务基础。拥有 1.8 亿美元的现金余额，仅有 8550 万美元的长期债务，SoundHound 有能力继续其增长轨迹。这一坚实基础对于一家渴望增长的新兴公司的高速增长阶段至关重要，使公司能够在优化其顶线增长轨迹的同时承受底线损失。换句话说，如果没有 SoundHound AI 愿意通过债券和公开市场股票销售来融资这一业务阶段，那么这一庞大的订单积压就不会存在。</p>
</div><h2>Positioned for long-term growth</h2>
<div class="lb-trans"><h2>长期增长定位</h2>
</div><p>SoundHound AI might seem like a wild ride, but that's part of its charm. Sure, the stock has taken some steep dives, but the fundamentals paint a promising picture. The company's backlog of long-term contracts is substantial, and its strategic moves have positioned it well for future growth.</p>
<div class="lb-trans"><p>SoundHound AI 可能看起来像一次惊险的旅程，但这正是它的魅力所在。当然，股价曾经出现过一些急剧下跌，但基本面描绘出一个充满希望的画面。公司的长期合同积压庞大，其战略举措使其为未来增长做好了准备。</p>
</div><p>Investors should be prepared for a bumpy journey, but the potential rewards should be worth the uncomfortable ride. SoundHound AI's innovative technology, coupled with its impressive backlog, suggests that this growth story is just getting started -- nearly two decades after the company's founding.</p>
<div class="lb-trans"><p>投资者应该为一段颠簸的旅程做好准备，但潜在的回报应该值得这段不舒适的旅程。SoundHound AI 的创新技术，加上其令人印象深刻的积压，表明这个增长故事才刚刚开始 -- 这家公司成立近 20 年后。</p>
</div><p>For those willing to embrace a bit of excitement and hold on through the twists and turns, SoundHound AI could be the ticket to market-beating returns. It's not a classic value stock, but it's hard to find a better buy in the overheated AI sector right now. I'd certainly buy SoundHound AI stock long before doubling down on Nvidia's lofty valuation.</p>
<div class="lb-trans"><p>对于那些愿意拥抱一些刺激并经历曲折的人来说，SoundHound AI 可能是获得超越市场回报的钥匙。它不是一只经典的价值股，但在当前过热的人工智能领域中很难找到比 Nvidia 高估值更好的购买选择。我肯定会在加倍看好 Nvidia 的高估值之前长期持有 SoundHound AI 股票。</p>
</div>

SoundHound AI 是目前最被低估的人工智能（AI）股票，值得购买