SoundHound AI Inc (SOUN.US), one of Wall Street's closely-watched artificial intelligence stocks, has sparked widespread market discussion. On September 11, Oppenheimer analyst Brian Schwartz initiated coverage of the stock for the first time, assigning a "Perform" rating. The research report highlighted that this conversational AI-focused software company, with its robust technology platform and clear strategic positioning, has the potential to grow into a diversified technology enterprise with sustainable growth prospects.

Schwartz's team particularly emphasized that SoundHound AI Inc's core competitiveness in the voice AI market is demonstrated in three key areas: technological advantages, value proposition, and operational efficiency. The company's conversational AI platform has gained recognition from numerous clients for its excellence in voice-to-semantic processing, unstructured data analysis, and visionary technology leadership, positioning it as an industry leader. Moreover, the company's impressive backlog-to-deliverable revenue ratio validates its commercial implementation capabilities and robust operational standards.

However, the analyst team also clearly outlined potential risks: as competition intensifies in the voice AI sector, new entrants may pose threats to SoundHound AI Inc. Additionally, the company's penetration rate in existing vertical markets and expansion speed into new markets may struggle to support the optimistic expectations reflected in current valuation models—particularly the 26x 2026 enterprise value-to-revenue multiple based on 2026 projections.

As a technology company focused on voice artificial intelligence solutions, SoundHound AI Inc continues to build technological barriers and commercial ecosystems by providing customized voice AI services to B2B clients.