Culper Research Tweets " 2) $SOUN is a flailing AI wannabe trading at 22x revenues that has misled investors regarding both its claims to possess revolutionary AI technology and a massive backlog of $336M in contracts averaging 6.5 years in length.."
Portfolio Pulse from Happy Mohamed
Culper Research has released a report criticizing SoundHound AI, Inc. (SOUN), accusing the company of misleading investors about its AI technology and contract backlog. The report claims that SOUN's technology does not work as advertised, and that its $336M contract backlog is overstated. Culper Research is short on SOUN.
July 27, 2023 | 5:34 pm
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SoundHound AI, Inc. (SOUN) is accused by Culper Research of misleading investors about its AI technology and contract backlog. This could negatively impact investor confidence and the company's stock price.
Culper Research's report criticizes SOUN's AI technology and contract backlog, which could lead to a loss of investor confidence and a decrease in the company's stock price. The report also reveals that Culper Research is short on SOUN, indicating a belief that the stock price will decrease.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100