Cramer Calls SoundHound ‘Pure Spec,’ Says He Won’t Back It Until Profitable

Overview

• Jim Cramer discussed SoundHound AI during a Mad Money lightning round and labeled the stock a pure speculation.
• He said the company does not make money and that he cannot get seriously behind it until it turns a profit.
• Cramer advised investors to take some profits now and let the rest of a position run.
• He noted the stock has been on fire since receiving an endorsement from NVIDIA.
• The remarks were made on the October 8 episode and were recapped by Insider Monkey on November 4.