That's a bold move! Here's why you should consider it:
- Tilray's Challenges: Tilray has been navigating through regulatory hurdles and intense competition in the cannabis sector, leading to a steady decline in its share price. Your purchase at $1.86 reflects the challenges the company is facing.
- SoundHound's Upside: SoundHound AI is positioned to capitalize on the growing demand for voice AI technology. With a strong research and development focus, the company is well-positioned for significant growth as the AI sector expands.
- Strategic Positioning: SoundHound's strategic investments and partnerships, such as with Nvidia and Stellantis, have enhanced its market position and could lead to substantial returns.
- Financial Performance: Despite current unprofitability, SoundHound's revenue growth and the company's significant investments in its growth could lead to substantial returns in the future.
- Market Sentiment: The market sentiment around SoundHound has been positive, with a strong interest in AI stocks and a growing demand for voice AI technology.
By taking an 80$ loss from Tilray, you can mitigate the risk of further losses and reinvest in SoundHound AI when its stock price goes up, which is likely given the company's growth prospects and positive market sentiment. This strategy can potentially lead to not only recovering the 80$ loss but also gaining additional profits in your investment portfolio.
Remember, investing involves risks, and it's important to consider your overall investment strategy and risk tolerance before making such decisions.
10/24/2024 03:28am
