SoundHound AI is finally looking like a buy according to a recent analysis. The stock is down 52% from its yearly highs. While the valuation is still high at 33.7x sales, it has cooled off significantly from 111x last year. The business seems to be maturing beyond its meme stock phase. Revenue grew 68% year over year in Q3, and management is guiding for breakeven EBITDA in Q4. They are securing real contracts for voice AI with Stellantis and major restaurant chains like Chipotle and Five Guys. Nvidia remains a key backer and collaborator.