Close Menu
fintechbits
  • News
  • AI
  • Acquisitions
  • Trends
  • Opportunities
  • Insights
  • Rumors
  • Regulatory
  • Startups
  • Innovations
  • finjobsly

Subscribe to Updates

Get the latest news from Fintechbits.

Trending Now

Enhancing Your Career in an AI-Centric World – Updates on Artificial Intelligence

June 3, 2025

Chime, the Fintech Startup, Targets $800 Million through Circle’s Offering

June 3, 2025

Canning the Updated Simpl Interface outlines the vision for an AI-driven financing platform.

June 3, 2025

Irish fintech is thriving and surpassing global trends.

June 3, 2025
Facebook X (Twitter) Instagram
Trending
  • Enhancing Your Career in an AI-Centric World – Updates on Artificial Intelligence
  • Chime, the Fintech Startup, Targets $800 Million through Circle’s Offering
  • Canning the Updated Simpl Interface outlines the vision for an AI-driven financing platform.
  • Irish fintech is thriving and surpassing global trends.
  • The transformation of healthcare finance writing through generative AI, according to Airajiv Kolagani, vice-president, data manager, and IA officer at Ann and Robert H. Lurie Children’s Hospital of Chicago.
  • Bengaluru-based Finup reports a $1.85 million rise in expenses.
  • OECD Economic Outlook June 2025: The Fintech Executive’s Strategic Playbook
  • AI aids in combating market abuses according to the German financial regulator.
Facebook X (Twitter) Instagram Pinterest Vimeo
fintechbits
  • News

    OECD Economic Outlook June 2025: The Fintech Executive’s Strategic Playbook

    June 2, 2025

    The impact of the fintech recruitment crisis on job seekers.

    May 28, 2025

    Turkish Fintech Papara Under Investigation for Potential Money Laundering Activities

    May 27, 2025

    The Fintech Agreement aims to secure lower-cost funding from Africa.

    May 26, 2025

    The CEO of Lead Bank advocates for discussing a narrative at the premier Fintech event.

    May 22, 2025
  • AI

    Enhancing Your Career in an AI-Centric World – Updates on Artificial Intelligence

    June 3, 2025

    Canning the Updated Simpl Interface outlines the vision for an AI-driven financing platform.

    June 3, 2025

    The transformation of healthcare finance writing through generative AI, according to Airajiv Kolagani, vice-president, data manager, and IA officer at Ann and Robert H. Lurie Children’s Hospital of Chicago.

    June 2, 2025

    AI aids in combating market abuses according to the German financial regulator.

    June 2, 2025

    Ireland’s outmin allocates 4 million euros to enhance its AI financing platform and names a new president.

    June 2, 2025
  • Acquisitions

    $200 million IPO SPAC aims for acquisitions in fintech and AI sectors.

    June 1, 2025

    Wealthsimple hires multiple teams to enhance family financial management.

    May 31, 2025

    The HPS of Morocco plans to acquire a Fintech company by 2027, referred to as CEO – TradingView News.

    May 3, 2025

    The Challenges of Implementing Central Bank Digital Currencies (CBDCs)

    April 14, 2025

    Apex Fintech considering the purchase of Bakkt

    April 13, 2025
  • Trends

    Irish fintech is thriving and surpassing global trends.

    June 3, 2025

    The $2.6 Trillion Revolution: Inside 2025’s Private Credit BoomHow a once-niche asset class is redefining modern finance

    May 21, 2025

    The Transformative Power of Generative AI in Financial Services: Innovation, Implementation, and Impact

    May 16, 2025

    Latin America’s Fintech Sector Poised to Reach 49.58 Billion USD

    May 1, 2025

    Analysis of Industry Market Size in the 2025 Fintech Market Report

    April 28, 2025
  • Opportunities

    Employment Opportunities in Fintech, Online, and Cryptocurrency from May 29 to 30 – Cape Town FMAS: 25

    May 30, 2025

    Exploring Fintech, Cryptocurrency, and Online Job Opportunities in South Africa from May 29 to 30 – Cape Town FMAS: 25

    May 29, 2025

    Biannual Work in Barcelona Employment and Information Fair Returns on May 21 with 40 Organizations and Over 2,000 Participants

    May 22, 2025

    Treasury Engages in Discussions with Fintech Unicorns About Joining the London Stock Exchange

    May 20, 2025

    Top Fintech Employers of 2025

    May 15, 2025
  • Insights

    OECD Economic Outlook June 2025: The Fintech Executive’s Strategic Playbook

    June 2, 2025

    Payments Postglobaux announces that Fintech Acrisure will acquire its payroll unit, Heartland Payroll Solutions, for $1.1 billion in payments.

    May 29, 2025

    RBI strengthens the rule on default loss guarantees; NBFCS will exclude coverage for original loans in Fintech

    May 28, 2025

    Fintech company Airwallex exceeds a valuation of $6 billion in its latest funding round.

    May 24, 2025

    Fintech Airwallex reaches a valuation exceeding $6 billion in its latest funding round.

    May 22, 2025
  • Rumors

    Grab refutes speculation about losing $7 billion alongside Goto.

    May 30, 2025

    Up Fintech Stock (Nasdaq: Tigr) Surpasses Market Expectations, Resulting in Gains

    May 30, 2025

    Motorola Considers $4.5 Billion Investment in Wireless Radio and Other Speculations

    May 25, 2025

    404 Error – Page Unavailable on Coinspeaker

    May 22, 2025

    Brighthouse Financial executives address misleading rumors and inconsistent first-quarter figures in insurance news.

    May 16, 2025
  • Regulatory

    Examining the Regulatory Environment for Digital Assets in the Evolving Fintech Landscape: Opportunities in the US, UK, and EU by Latham & Watkins LLP

    May 29, 2025

    The FMA reveals the participants in the Sand Tips Fintech program.

    May 25, 2025

    Fintech Groww Targets 800 Million Dollar Initial Public Offering

    April 26, 2025

    Wolters Kluwer Receives the Prix Fintech Breakthrough Award 2025 for its Onesumx Solution

    April 22, 2025

    Partner in Fintech Founders launches a new Self-Regulatory Organization

    April 19, 2025
  • Startups

    Chime, the Fintech Startup, Targets $800 Million through Circle’s Offering

    June 3, 2025

    Bengaluru-based Finup reports a $1.85 million rise in expenses.

    June 2, 2025

    FINCRA secures a payment license in South Africa to promote the growth of cross-border transactions.

    June 1, 2025

    Nigerian fintech Carrot secures $4.2 million to offer loans backed by digital investments.

    June 1, 2025

    Nigerian startup Defi, Xend Finance partners with Risevest to introduce a tokenized stock platform called Bitke.

    May 31, 2025
  • Innovations

    Webank Technology Services claims the International Fintech Award

    June 2, 2025

    Top 10 Nations Leading in Technological Innovation by 2025

    May 22, 2025

    New Course Overview: Successful Fintech Strategies

    May 20, 2025

    How Malta’s iGaming Framework Promotes Innovation in European Fintech

    May 18, 2025

    Fintech vs. Big Banks: Who Will Win the Battle for Gen Z’s Wallet?

    May 13, 2025
  • finjobsly
fintechbits
Home » A Penny Stock That Will Make You A Millionaire
AI in Finance

A Penny Stock That Will Make You A Millionaire

6 Mins Read
Facebook Twitter Pinterest Telegram LinkedIn Tumblr Email Reddit
92c8f6ab3a869702836486e881eaaf1a.jpeg
Share
Facebook Twitter LinkedIn Pinterest Email Copy Link

We recently compiled a list of 11 Penny Stocks That Will Make You a Millionaire. In this article, we will examine how SoundHound AI Inc. (NASDAQ:SOUN) stands relative to other penny stocks.

Why Should You Invest in Penny Stocks?

Penny stocks are often overlooked by most investors. They are the smallest of the small companies operating in the market, and as such, they are not typically covered in detail by financial journalists and analysts. However, because of this dilemma, many penny stocks end up becoming great, low-key investments for investors who don’t mind a little risk. This is especially true of penny stocks operating in the artificial intelligence space today. That’s not to say that penny stocks offer a surefire way to make big profits all the time, though. Since these stocks are owned by incredibly small companies compared to the usual players we hear about in the market news, they are also incredibly risky to invest in – as such, investing in penny stocks is a choice that only investors with a tolerance for high-risk, high-reward strategies should make.

In the current market environment, it is possible that investing in small businesses will be more attractive. This is due to the potential Fed rate cut in September. Financial professionals view this potential cut as a catalyst for growth in the market’s small businesses, which have been largely ignored over the past two years due to the Fed’s tightening policy. Thus, a rate cut in September could actually ignite an overall growth cycle for smaller market participants.

Read also: The 7 Most Popular AI Penny Stocks Under $5 And The 10 Best Tech Penny Stocks to Invest In Right Now.

How is the market looking for smaller stocks today?

On August 21, Tom Lee, co-founder of Fundstrat Global Advisors, appeared on CNBC’s “Closing Bell Overtime” to discuss this development. He noted that as the Fed begins to normalize policy and merger activity in the U.S. accelerates, smaller companies are increasingly likely to benefit. Lee also added that there is a misconception in the market that smaller companies grow, or at least tend to grow, more slowly than larger companies. In fact, he noted that the small-cap index has median earnings growth that is nearly 700 basis points faster than the broad market index, while revenue growth is nearly 400 basis points faster. Lee also said:

“If small caps go up 40%, that means the P/E, the median of the Russell 2000 stocks, goes from 10x to 14x. So it’s not about asking the market to do magic and do a massive repricing… (With small caps), you get better growth, lower valuation, and I think the catalyst now is that the market is convinced that the Fed is going into a rate-cutting cycle.”

According to Lee, the money that has been set aside in recent years due to the Fed’s rate policy could now potentially be shifted to smaller companies, as they now offer a good risk-reward ratio for investors. With these developments in mind, we’ve compiled a list of some of the smallest stocks trading on the market today by combing through five months of articles on Stock Gumshoe, a financial analysis website that offers unique insights into what some call “secret stocks” that have been largely ignored by most investors.

Our methodology

We read Stock Gumshoe articles from April to August 2024 and then selected penny stocks that have a bright future ahead of them. The stocks are ranked in ascending order of the number of hedge funds holding stakes in them as of the end of Q2 2024, according to hedge fund data from Insider Monkey.

Why do we care about stocks that hedge funds are heavily invested in? The reason is simple: Our research has shown that we can outperform the market by mimicking the best stock picks of the best hedge funds. Our quarterly newsletter strategy selects 14 small- and large-cap stocks each quarter and has returned 275% since May 2014, outperforming its benchmark by 150 percentage points.see more details here).

A software engineer focused on a computer screen, writing code to create a conversational assistant.

SoundHound AI Inc. (NASDAQ:HER)

Number of hedge fund holders: 15

SoundHound AI Inc. (NASDAQ: SOUN) is a Santa Clara, California-based application software company that develops independent voice AI solutions that enable automotive, television and Internet of Things companies to deliver high-quality conversational experiences to their customers.

In the Live Action War Room, Ross Givens previewed an “AI miracle stock” that has immense profit potential built in. Stock Gumshoe believes the teaser is most likely for SoundHound AI Inc. (NASDAQ:SOUN). Here are some of Givens’ comments from the newsletter:

“Founded in 2005 by a Canadian computer scientist… It is evolving rapidly… with 98 patents filed for cutting-edge speech and sound recognition technology… It has already secured a series of major partnerships with Hyundai, Mercedes Benz, Honda, Pandora, Netflix and many others. And recently, I noticed some suspicious buying activity… Causing the price to skyrocket by 260% in just 19 days!”

With the rise of artificial intelligence and SoundHound AI Inc. (NASDAQ:SOUN)’s moves to build new partnerships, investors are increasingly interested in this stock. It is worth noting, however, that the company is still in the growth phase, so it may take some time before an investor sees increased returns on their investment in SoundHound AI Inc. (NASDAQ:SOUN) stock.

Despite this, SoundHound AI Inc. (NASDAQ:SOUN) appears to be a cheap stock worth buying right now. In its preliminary guidance for 2025, the company said it expects to generate revenue of over $100 million and has seen revenue growth of 50% per year since 2021.

SoundHound AI Inc. (NASDAQ:SOUN) was spotted in 13 holdings by 15 hedge funds in the second quarter, with a total holding value of $7.5 million.

SOUN global ranks 3rd on our list of penny stocks that will make you a millionaire. While we recognize SOUN’s potential as an investment, our conviction lies in the belief that AI stocks have great promise to deliver high returns and do so in a shorter time frame. If you’re looking for an AI stock that has more promise than SOUN but is trading at less than 5x earnings, check out our report on the the cheapest AI stock.

READ NEXT: A $30 Trillion Opportunity: Morgan Stanley’s 15 Best Humanoid Robot Stocks to Buy And Jim Cramer Says NVIDIA Has ‘Become a Wasteland’.

Disclosure: None. This article was originally published on Insider Monkey.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Enhancing Your Career in an AI-Centric World – Updates on Artificial Intelligence

June 3, 2025

Canning the Updated Simpl Interface outlines the vision for an AI-driven financing platform.

June 3, 2025

The transformation of healthcare finance writing through generative AI, according to Airajiv Kolagani, vice-president, data manager, and IA officer at Ann and Robert H. Lurie Children’s Hospital of Chicago.

June 2, 2025
Leave A Reply Cancel Reply

Latest news

Enhancing Your Career in an AI-Centric World – Updates on Artificial Intelligence

June 3, 2025

Chime, the Fintech Startup, Targets $800 Million through Circle’s Offering

June 3, 2025

Canning the Updated Simpl Interface outlines the vision for an AI-driven financing platform.

June 3, 2025
News
  • AI in Finance (1,220)
  • Breaking News (149)
  • Corporate Acquisitions (47)
  • Corporate Acquistions (17)
  • Industry Trends (170)
  • Jobs Market News (289)
  • Market Insights (178)
  • Market Rumors (232)
  • Regulatory Updates (143)
  • Startup News (801)
  • Technology Innovations (148)
  • X Feed (1)
About US
About US

FintechBits is an blog delivering the latest news and insights in fintech, finance, and technology. We cover breaking news, market trends, innovations, and expert opinions to keep you informed about the future of finance

Facebook X (Twitter) Instagram Pinterest Reddit TikTok
News
  • AI in Finance (1,220)
  • Breaking News (149)
  • Corporate Acquisitions (47)
  • Corporate Acquistions (17)
  • Industry Trends (170)
  • Jobs Market News (289)
  • Market Insights (178)
  • Market Rumors (232)
  • Regulatory Updates (143)
  • Startup News (801)
  • Technology Innovations (148)
  • X Feed (1)
Happening Now

November 28, 2024

“ Intentionally collaborative ”: how the Rotman school of U of T leads Innovation Fintech

February 6, 2025

‘1957 Ventures’ to Drive FinTech Innovation in Saudi Arabia

September 10, 2024
  • About FintechBits
  • Advertise With us
  • Contact us
  • Disclaimer
  • Privacy Policy
  • Terms and services
  • BUY OUR EBOOK GUIDE
© 2025 Designed by Fintechbits

Type above and press Enter to search. Press Esc to cancel.