Streetbeat News

SOUN

SoundHound AI, Inc.

https://www.soundhound.com

Industry

Software - Application

SoundHound AI, Inc. develops independent voice artificial intelligence (AI) platform that enables businesses across 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 automatic speech recognition, natural language understanding, wake words, custom domains, text-to-speech, and embedded voice solutions The company is headquartered in Santa Clara, California.

Open

6.76

Mkt cap

2.3B

Volume

35M

High

6.77

P/E Ratio

-15.90

52-wk high

10.25

Low

6.22

Div yield

N/A

52-wk low

1.62

SoundHound AI's stock fell by 16% following a significant decline in its gross margin, as reported in its recent financial results.

Portfolio Pulse from

November 13, 2024 | 8:00 pm

SoundHound AI's Q3 2024 results show strong demand for AI solutions and an expanding customer base across key industries, potentially impacting its stock positively.

Portfolio Pulse from

November 13, 2024 | 6:45 pm

SoundHound AI's reported growth is misleading as pro forma revenues declined by 10% in Q3, indicating underlying business weaknesses. The Amelia acquisition contributed more to revenue than expected. Despite beating EPS estimates, the adjusted EBITDA loss doubled, and the share count increased, inflating the market cap to nearly $3 billion.

Portfolio Pulse from

November 13, 2024 | 6:30 pm

SoundHound AI's stock is experiencing a significant decline today, raising questions about whether it is a good time to invest in the company.

Portfolio Pulse from

November 13, 2024 | 6:00 pm

SoundHound AI's stock is experiencing a decline today. The article likely discusses factors contributing to this downturn, which could include financial performance, market conditions, or company-specific news.

Portfolio Pulse from

November 13, 2024 | 5:30 pm

SoundHound AI reported its largest quarter ever, but its stock plummeted due to investor concerns over a significant decline in margins.

Portfolio Pulse from

November 13, 2024 | 5:15 pm

SoundHound AI's stock dropped by 10% following its earnings report, despite the company achieving a double beat.

Portfolio Pulse from

November 13, 2024 | 4:45 pm

SoundHound AI Inc. (NASDAQ: SOUN) has significantly outperformed the broader market with a year-to-date gain of 263%, compared to the S&P 500's 25.8% growth.

Portfolio Pulse from

November 13, 2024 | 4:00 pm

SoundHound's stock has surged by 90% since February, driven by NVIDIA's investment. Despite an 89% revenue increase in Q3 2024, the company's gross margin fell significantly due to recent acquisitions.

Portfolio Pulse from

November 13, 2024 | 2:30 pm

SoundHound AI, listed on NASDAQ as SOUN, is expected to see significant growth by 2025 due to its strong position in the conversational AI market. The company offers a range of AI-enabled services and apps that connect brands with consumers.

Portfolio Pulse from

November 13, 2024 | 2:30 pm

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