SoundHound AI, Inc. (NASDAQ:SOUND) appears in The latest Mad Money recap as Jim Cramer shared his buy, sell or hold verdict. One caller asked about the stock, noting that while it was “killing,” it had recently risen. Cramer responded:
Well, look, I have to tell you that the stock only got to where it was because NVIDIA, for a moment, had a cup of coffee with those stocks. And I have to tell you that I have always felt that it is a continuous waste of money, and we do not recommend continuous waste of money on Jim Cramer’s Mad Money.
A technical chart of the stock market. Photo by Energepic from Pexels SoundHound AI, Inc. (NASDAQ:SOUN) develops voice artificial intelligence technologies that enable businesses to create intelligent, conversational voice experiences. A caller sought Cramer’s advice on stocks during the March 11 episode and he responded:
I’ve been watching this go south. You know, everyone got excited because Jensen had a role in this. It’s something like that recursion. But you know, I no longer see him as a big shareholder. And I have to tell you, this is one of those companies that is a meme stock, and the meme stocks that are losing money get written off.
While we recognize SOUN’s potential 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’s also benefiting significantly from Trump-era tariffs and the offshoring trend, check out our free report on best short-term AI stock. READ NEXT: 33 stocks that should double in 3 years and 15 stocks that will make you rich in 10 years Disclosure: None. Follow Insider Monkey on Google News.