Software Stocks to Own for Decades: Shopify and Doximity; SoundHound AI Faces Trouble

Two software stocks to own for decades are Shopify (SHOP) and Doximity (DOCS), while one to brush off is SoundHound AI (SOUN). Shopify provides a comprehensive platform for merchants of all sizes, with a 30.8% average billings growth over the last year and a strong revenue outlook. Doximity operates a digital platform for healthcare professionals, with over 80% of US physicians as members. SoundHound AI develops voice recognition and conversational intelligence technology, but has a low gross margin and a history of cash burning, raising concerns about its long-term viability.