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

6.71

Mkt cap

2.5B

Volume

18M

High

6.90

P/E Ratio

-18.00

52-wk high

10.25

Low

6.38

Div yield

N/A

52-wk low

1.61

In Monday's intraday session, several Information Technology stocks showed significant movement. Notably, MicroCloud Hologram, Edgio, ReAlpha Tech Corp, SoundHound AI, Datasea, and Cleanspark were among the gainers, with increases ranging from 22.36% to 76.3%. On the downside, Minim, Unusual Machines, WeTrade Group, Mercurity Fintech Holding, Rubicon Technologies, and Sequans Communications experienced declines between 10.48% and 14.3%.

Portfolio Pulse from Benzinga Insights

February 26, 2024 | 5:30 pm

NVIDIA Corp's (NVDA) shares surged over 15% following a quarterly earnings report that exceeded expectations, highlighting its strategic position in the AI technology sector. This success not only boosted NVIDIA's market cap significantly but also positively impacted related tech companies and ETFs. Companies like Meta Platforms Inc (META), Alphabet Inc (GOOG, GOOGL), Microsoft Corp (MSFT), Amazon.com Inc (AMZN), Taiwan Semiconductor Mfg. Co. Ltd. (TSM), Super Micro Computer Inc (SMCI), Advanced Micro Devices, Inc. (AMD), and others saw varying degrees of stock price movements. ETFs with significant NVIDIA holdings, such as Technology Select Sector SPDR Fund (XLK), Global X Robotics and Artificial Intelligence ETF (BOTZ), VanEck Semiconductor ETF (SMH), and Vanguard Total Stock Market Index Fund ETF (VTI), also experienced gains.

Portfolio Pulse from Natan Ponieman

February 22, 2024 | 9:43 pm

SoundHound AI, Inc. (SOUN) shares are trading higher following Nvidia Corporation's (NVDA) impressive fourth-quarter earnings report. Nvidia's earnings reveal included a $3.7 million investment in SoundHound, boosting the latter's stock. AI-related stocks, including SoundHound, have seen an uptick after Nvidia reported significant year-over-year revenue growth and earnings per share. SoundHound's stock is currently trading above its 200-day moving average, indicating bullish sentiment among investors.

Portfolio Pulse from Erica Kollmann

February 22, 2024 | 4:58 pm

Palantir Technologies Inc (PLTR) shares rose in after-hours trading following Nvidia Corp's (NVDA) better-than-expected earnings, highlighting the surging demand for AI. Nvidia reported Q4 revenue of $22.1 billion and earnings of $5.16 per share, surpassing estimates. The company's data center revenue increased by 409%, and it provided a positive revenue guidance for fiscal year 2025. Both Nvidia and Palantir have benefited from the growing AI demand, with Palantir reporting strong demand for its AI platform in early February. Other AI-related companies like C3.Ai Inc (AI), SoundHound AI Inc (SOUN), and BigBear.Ai Inc (BBAI) also saw their shares move higher.

Portfolio Pulse from Adam Eckert

February 21, 2024 | 10:33 pm

In Wednesday's after-market session, several information technology stocks showed significant movement. Olo (OLO) led the gainers with an 18.5% increase following its Q4 earnings release, while Ostin Technology Group (OST) led the losers with a 10.2% decrease. Other notable movers included Banzai International (BNZI), Cyngn (CYN), and Five9 (FIVN), which also released its Q4 earnings.

Portfolio Pulse from Benzinga Insights

February 21, 2024 | 9:30 pm

Nvidia (NASDAQ:NVDA) and SoftBank (OTCPK: SFBQF) recently announced stakes in SoundHound AI (NASDAQ:SOUN), causing its stock to surge over 60%. SoundHound, known for its AI voice technology, has been gaining traction in the restaurant and automotive industries, with partnerships like Jersey Mike's Subs and Stellantis' (NYSE:STLA) DS Automobiles. The company's technology, which includes a Voice Assistant integrated with ChatGPT, is seen as pivotal in the spatial computing market.

Portfolio Pulse from Stjepan Kalinic

February 21, 2024 | 3:28 pm

Portfolio Pulse from Benzinga Newsdesk

February 20, 2024 | 2:14 pm

Four tech stocks, SoundHound AI, Inc. (SOUN), AppLovin Corporation (APP), Applied Materials, Inc. (AMAT), and Pixelworks, Inc. (PXLW), are considered overbought as of Feb. 20, 2024, based on their RSI values. These stocks have shown significant price gains in the short term, with SOUN, APP, and AMAT reporting positive developments, while PXLW reported a wider-than-expected loss.

Portfolio Pulse from Avi Kapoor

February 20, 2024 | 1:14 pm

Benzinga's Stock Whisper Index highlights five stocks: INTU, NNOX, DWAC, SOUN, and SMCI. INTU gains attention from Super Bowl ads and upcoming Q2 results. NNOX rises after Nvidia's stake disclosure and FDA clearance. DWAC surges with SEC's merger approval for Trump Media. SOUN soars with investments from BlackRock and Nvidia. SMCI's stock climbs due to AI demand, with analysts turning bullish.

Portfolio Pulse from Chris Katje

February 16, 2024 | 8:54 pm

Today's session highlighted significant whale activity in the options market for 10 Information Technology stocks, indicating potential trading opportunities. The activity involved both bullish and bearish sentiments across various expiration dates and strike prices for companies like NVDA, AMD, and MARA, among others. This could signal investor expectations and market movements.

Portfolio Pulse from Benzinga Insights

February 16, 2024 | 5:35 pm

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