SoundHound AI (NASDAQ: SOUN) stock is seeing a significant pullback in Friday's trading. The company's share price was down 7.3% as of 11 a.m. ET amid a 1.4% decline for the S&P 500 index and a 1.7% pullback for the Nasdaq Composite index.
SoundHound AI Inc (SOUN) stock saw a decline, ending the day at $15.02 which represents a decrease of $-2.96 or -16.46% from the prior close of $17.98. The stock opened at $16.58 and touched a low of $14.
SoundHound AI (NASDAQ: SOUN) stock posted a month of explosive gains across December's trading. The conversational artificial intelligence (AI) company's share price closed out last month up 113.1%, according to data from S&P Global Market Intelligence.
In SoundHound AI's conference call, management made the bold projection that its revenue would double in 2025. Additionally, it expects to reach EBITDA profitability by the end of 2025, which is a key milestone in achieving net income profitability. These projections ignited a massive run-up in SoundHound AI's stock, but is it still worth buying?
SoundHound AI stock was down Tuesday, even after the artificial intelligence voice company unveiled its latest technology at the CES conference in Las Vegas. This tech allows for people to conversationally order take-out food from participating restaurants directly through their car,
For its fiscal 2025's third-quarter (ended Oct. 31), Ambarella reported a terrific year-over-year increase of 63% in revenue to $82.7 million. CEO Fermi Wang pointed out on the company's earnings conference call that Ambarella "achieved record levels of AI revenue, which in turn contributed to a higher blended average selling price ("ASP")."
SoundHound's growth is stunted amid competition and losses. Learn why SOUN stock may drop as AI-driven hype fades and fundamentals prevail.
While the business is growing, SoundHound AI has a low revenue volume and no profits. Read why I have downgraded SOUN stock to a Sell.
SoundHound AI Inc.'s (NASDAQ: SOUN) shares are trading lower today potentially from continued momentum due to sector-wide challenges.
Although Nvidia invested a mere $3.7 million in voice-AI start-up SoundHound AI (NASDAQ: SOUN) about a year ago, that investment put SoundHound squarely on the map as a potential AI winner. After making several accretive acquisitions and racking up an impressive customer list,
Investors and traders looking for an opportunity to “Buy the Dip” on SoundHound shares should maintain a close watch on the $15 price. This price represents the next “psychological” trade level for the stock, followed by $12.5 which is where SoundHound’s bullish 50-day moving average resides.
SoundHound AI, a maker of conversational AI voice technology, on Tuesday unveiled the first-ever in-vehicle voice commerce platform at the CES 2025 tech trade show. The SoundHound platform will allow drivers and passengers to order takeout for pick-up directly from the car's infotainment system just by speaking.