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Automotive Stocks To Watch Today - October 20th

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Key Points

  • The automotive stocks to watch today include SoundHound AI, Rivian Automotive, and AutoZone, highlighted for their significant trading volumes.
  • SoundHound AI focuses on developing AI solutions for conversational experiences across various industries, including automotive.
  • Rivian Automotive specializes in electric vehicles, offering consumer models like the R1T pickup truck and R1S SUV, while AutoZone is a major retailer of automotive replacement parts in North America and Brazil.
  • Five stocks we like better than SoundHound AI.

SoundHound AI, Rivian Automotive, and AutoZone are the three Automotive stocks to watch today, according to MarketBeat's stock screener tool. Automotive stocks are shares of companies involved in the design, manufacture, distribution, and servicing of motor vehicles and their components — including automakers, parts suppliers, battery and EV component makers, and related mobility services. For investors, these equities provide exposure to consumer demand and technological shifts (electrification, autonomy) but tend to be cyclical and sensitive to commodity prices, supply-chain issues, and regulatory changes. These companies had the highest dollar trading volume of any Automotive stocks within the last several days.

SoundHound AI (SOUN)

SoundHound AI, Inc. develops independent voice artificial intelligence (AI) solutions that enables businesses across automotive, TV, and IoT, and to customer service industries to deliver high-quality conversational experiences to their customers. Its products include Houndify platform that offers a suite of Houndify tools to help brands build conversational voice assistants, such as Application Programming Interfaces (API) for text and voice queries, support for custom commands, extensive library of content domains, inclusive software development kit platforms, collaboration capabilities, diagnostic tools, and built-in analytics; SoundHound Chat AI that integrates with knowledge domains, pulling real-time data like weather, sports, stocks, flight status, and restaurants; and SoundHound Smart Answering is built to offer customer establishments custom AI-powered voice assistant.

Read Our Latest Research Report on SOUN

Rivian Automotive (RIVN)

Rivian Automotive, Inc., together with its subsidiaries, designs, develops, manufactures, and sells electric vehicles and accessories. The company offers consumer vehicles, including a two-row, five-passenger pickup truck under the R1T brand, a three-row, seven-passenger sport utility vehicle under the R1S name.

Read Our Latest Research Report on RIVN

AutoZone (AZO)

AutoZone, Inc. retails and distributes automotive replacement parts and accessories in the United States, Mexico, and Brazil. The company provides various products for cars, sport utility vehicles, vans, and light trucks, including new and remanufactured automotive hard parts, maintenance items, accessories, and non-automotive products.

Read Our Latest Research Report on AZO

See Also

Should You Invest $1,000 in SoundHound AI Right Now?

Before you consider SoundHound AI, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and SoundHound AI wasn't on the list.

While SoundHound AI currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

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