SoundHound AI Stock Tumbles as Margins Drop
Portfolio Pulse from
SoundHound AI's stock fell by 16% following a significant decline in its gross margin, as reported in its recent financial results.
November 13, 2024 | 8:00 pm
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SoundHound AI's stock experienced a 16% decline due to a reported drop in gross margins, indicating potential financial challenges.
The significant drop in gross margins suggests potential financial difficulties, leading to a sharp decline in stock price. This indicates investor concern over the company's profitability.
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