Stocks Analysis by MarketBeat.com (Thomas Hughes) covering: S&P 500, Applovin Corp, SoundHound AI Inc. Read MarketBeat.com (Thomas Hughes)'s latest article on Investing.com
If you are looking for the next two tech winners, stocks with triple-digit upside potential that may be unlocked in 2025, look no further than
The affirmation is important because McDonald’s is a potential client. McDonald’s scrapped its first attempt at AI-enabled call services and is reportedly reviewing SoundHound, now used in over 10,000 restaurant locations, for its more than 40,000 locations. Other restaurant chains may follow suit, and SoundHound technology is well-suited for numerous industry verticals because of how it functions.
Sell-side interest is another strong tailwind for this market. In 2024, institutions are buying this stock at a pace double that of sellers, increasing their position to over 20%. 20% isn’t a large institutional interest, but it is growing, and with plenty of stock available, the tailwind it provides could remain in place for many quarters. Technically, the move to new highs in December is very bullish for this market and suggests a move into the $30 range is likely..
Among the critical details from the price chart is the trading volume. This stock has seen its volume increase steadily for years, hitting new highs in 2024. This indicates increasing ownership, conviction, and liquidity that supports the uptrend. The uptrend in volume is due partly to institutional activity, which is ramping higher along with the share price as institutions buy on the dips. Another trend that is expected to continue in 2025.
Applovin Corp Soundhound AI Inc
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