In SoundHound AI's conference call, management made the bold projection that its revenue would double in 2025. Additionally, it expects to reach EBITDA profitability by the end of 2025, which is a key milestone in achieving net income profitability. These projections ignited a massive run-up in SoundHound AI's stock, but is it still worth buying?

Investors and traders looking for an opportunity to “Buy the Dip” on SoundHound shares should maintain a close watch on the $15 price. This price represents the next “psychological” trade level for the stock, followed by $12.5 which is where SoundHound’s bullish 50-day moving average resides.

SoundHound AI stock is surging amid a day of strong momentum for meme stocks. Speculative growth plays are seeing a strong rebound on the heels of recent valuation volatility, and the conversational artificial intelligence ( AI) is also getting a boost from bullish analyst coverage.

SoundHound AI (NASDAQ: SOUN) stock is seeing big sell-offs in Tuesday's trading. The conversational artificial intelligence (AI) company's share price was down 8% as of 11:45 a.m. ET and had been down as much as 11% earlier in the session.