Core Viewpoint - SoundHound AI, Inc. (NASDAQ:SOUN) is viewed as a speculative investment by Jim Cramer, who emphasizes that the company is not currently profitable and suggests caution for potential investors [1]. Company Analysis - SoundHound AI develops voice AI technologies aimed at creating conversational and intelligent voice experiences for businesses [1]. - The stock has seen significant volatility, particularly after receiving endorsement from NVIDIA, which contributed to its price surge [1]. Investment Perspective - Cramer categorizes SoundHound as a "pure spec" stock, indicating that while it has experienced a price decline from its highs, it remains unprofitable, which is a critical factor for serious investment consideration [1]. - There is a belief that other AI stocks may present better investment opportunities with higher upside potential and lower downside risk compared to SoundHound [1].

Group 1 - SoundHound AI, Inc. has announced a partnership with OpenTable to create a voice-AI reservations agent for in-vehicle use, allowing drivers to book restaurants hands-free through their car's infotainment system [1][2] - The integration connects to OpenTable's network of over 60,000 restaurants globally, enabling users to check real-time availability, make reservations, and receive email confirmations via voice commands while driving [2] - This initiative positions SoundHound as a key player in merging automotive, commerce, and convenience, potentially generating recurring revenue streams from restaurant bookings and other services [3] Group 2 - SoundHound AI is recognized as a global leader in voice and conversational AI, offering a range of voice-first solutions across various sectors including retail, automotive, and finance [4]

Core Insights - The artificial intelligence investment boom is shifting capital towards smaller, higher-risk AI specialists like BigBear.ai Holdings (BBAI) and SoundHound AI (SOUN), both of which are gaining investor attention for their unique approaches to AI deployment [1][2]. Company Overview - BigBear.ai focuses on defense and government markets, providing secure decision intelligence, while SoundHound specializes in voice and conversational AI solutions across various commercial sectors [2][3]. - Both companies are seen as opportunities for investors looking for exposure to AI adoption beyond larger tech firms [1][2]. Financial Performance - BigBear.ai's revenue declined by 20% year-over-year to $33.1 million in Q3 2025, with a gross margin decrease to 22.4% and an adjusted EBITDA loss of $9.4 million [5][9]. - In contrast, SoundHound reported a 68% year-over-year revenue growth to $42 million in Q3 2025, with non-GAAP gross margins of 59.3% [11][12]. Strategic Developments - BigBear.ai ended Q3 2025 with $456.6 million in cash, enabling aggressive growth strategies, including the acquisition of Ask Sage, expected to generate $25 million in annual recurring revenue in 2025 [6][7]. - SoundHound's diversified customer base and strong operational momentum contrast with BigBear.ai's government-heavy exposure, but it faces challenges with large GAAP net losses and ongoing profitability issues [10][13]. Market Positioning - BigBear.ai is building a vertically integrated AI platform for defense and regulated markets, while SoundHound focuses on horizontal enterprise adoption [8][9]. - BigBear.ai's backlog stood at $376 million at the end of Q3, providing medium-term revenue visibility [8]. Stock Performance - Over the past year, BigBear.ai stock surged 153.7%, outperforming the broader technology sector and the S&P 500, while SoundHound stock declined by 10.6% [14][15]. - BigBear.ai trades at a forward price-to-sales ratio of 17.23X, while SoundHound trades at a higher 21.84X, reflecting differing growth expectations [17][18]. Earnings Estimates - BigBear.ai's earnings outlook has improved, with the consensus estimate for its 2025 loss per share narrowing to 93 cents from $1.10 [19]. - SoundHound's consensus estimate for its 2025 loss per share widened to 13 cents from 9 cents, indicating mixed revisions [24]. Investment Outlook - BigBear.ai is seen as having a clearer path to differentiation and long-term growth potential, while SoundHound faces a more challenging risk-reward balance due to elevated losses and valuation concerns [26].

Core Insights - SoundHound AI, Inc. is a significant player in the voice AI industry, focusing on innovative voice recognition solutions and enhancing in-car voice commerce through partnerships like the one with OpenTable [1][5] - The company has a market capitalization of approximately $5.06 billion and has seen a trading volume of 21.18 million shares [4] Financial Performance - Thomas Blakey from Cantor Fitzgerald has set a price target of $15 for SOUN, suggesting a potential upside of about 24.69% from its current price of $12.03 [2][5] - Despite the optimistic outlook, SOUN's stock has experienced a slight decline, dropping 0.8% during regular trading hours and an additional 2.1% in after-hours trading, with a current price of $12.03 reflecting a decrease of approximately 1.47% [3][5] Market Activity - Over the past year, SOUN's stock has fluctuated significantly, reaching a high of $24.98 and a low of $6.52, indicating volatility in its market performance [4]

Core Insights - The company has demonstrated strong growth, with a 68% increase year-over-year last quarter and a consistent growth rate exceeding 40-50% CAGR over the past several years, with some acquisitions pushing growth into the triple-digit range [1] - There is significant traction in the customer service sector, particularly in voice-enabling services for restaurants and enterprise verticals, indicating a high level of customer interest in expanding conversational capabilities [1] - The automotive sector is also experiencing growth, despite challenges from tariffs and other dynamics, with innovations in voice commerce enhancing engagement with original equipment manufacturers (OEMs) [2] - AI is recognized as a key enabler for broader industry advancements [2]

Summary of SoundHound AI FY Conference Call Company Overview - **Company**: SoundHound AI (NasdaqGM:SOUN) - **Date of Conference**: December 11, 2025 Key Industry Insights - **Industry**: Voice AI and Conversational AI - **Growth Rate**: SoundHound reported a **68% year-over-year growth** last quarter, with a **CAGR of 40%-50%** over the past several years, and some acquisitions pushing growth into the **triple-digit range** [3][4][6] Core Business Highlights - **Customer Segments**: Significant traction in customer service, particularly in the restaurant and automotive sectors. The company is expanding its presence in various enterprise verticals, including financial services, healthcare, and hospitality [3][13] - **Technological Differentiation**: SoundHound claims to outperform competitors in accuracy by **20%-35%** and latency by **4x**, while operating on a model that is **one-tenth the size** of some large language models (LLMs) [6][16] - **Voice Commerce**: The company is pioneering voice commerce, allowing users to order food or make reservations seamlessly while driving. Recent partnerships include collaborations with OpenTable and Parkopedia [21][22] Product Innovations - **Polaris Model**: SoundHound's latest multimodal, multilingual speech foundation model, which shows **20%-35% better accuracy** compared to competitors like OpenAI and Google [16][17] - **Voice Insights and Employee Assist**: New products aimed at enhancing operational efficiency for restaurants and training for employees [9][10] Market Position and Strategy - **Diversification**: The revenue base has diversified, with five industries now contributing double-digit percentages to total revenue, compared to a previous reliance on automotive [13][14] - **Path to Profitability**: The company aims to reach **EBITDA positive** status next year, with a long-term goal of achieving a **30%+ EBIT margin** [29][30] - **M&A Strategy**: SoundHound is open to acquisitions to enhance its technology and customer relationships, particularly in the voice AI space [31][33] Challenges and Opportunities - **Implementation Barriers**: Challenges in scaling voice AI in restaurants include hardware retrofitting and the complexity of working with franchise models [46][47] - **Market Potential**: The total addressable market (TAM) is vast, with the company underpenetrated in its market opportunity, indicating significant growth potential [30][31] Future Vision - **Ambient Computing**: The long-term vision includes a world where voice interaction is the primary mode of communication with devices, leading to a more seamless user experience [41][42][44] Conclusion - SoundHound AI is positioned as a leader in the voice AI industry, with strong growth metrics, innovative products, and a clear strategy for future expansion and profitability. The company is actively addressing market challenges while capitalizing on emerging opportunities in voice commerce and customer service automation.

Core Insights - SoundHound AI, Inc. (SOUN) is expanding its in-car voice commerce platform by launching a conversational in-vehicle voice AI reservations agent in collaboration with OpenTable [1][2] - SOUN's stock experienced a decline of 0.8% during trading hours and further dropped by 2.1% in after-hours trading [1] Group 1: Product Development - The new voice commerce platform debuted at CES 2025, offering in-vehicle food ordering services that enhance safety and convenience by eliminating manual input [2] - The in-car AI agent allows drivers and passengers to find, select, and book restaurant reservations or order food hands-free using natural voice commands [3] - SoundHound's platform connects users to over 60,000 restaurants globally, checking real-time availability and booking reservations quickly, transforming a multi-step task into a seamless voice-driven interaction [4] Group 2: Strategic Partnerships - SoundHound's collaborations span various sectors, including automotive, restaurants, IoT, financial services, healthcare, and enterprise AI, with partnerships with national restaurant chains like Firehouse Subs and Chipotle [5] - The recent collaboration with Jeep to roll out a Chat AI voice assistant in Europe showcases the company's ability to create customized in-vehicle assistants, moving beyond standard integrations [6] - These partnerships validate SoundHound's leadership in automotive voice AI and set the stage for its next major initiative in voice commerce [6] Group 3: Market Performance - SOUN's shares have gained 29% over the past six months, outperforming the Zacks Computers - IT Services industry, the Zacks Computer and Technology sector, and the S&P 500 index [9] - The company's focus on strategic collaborations and increasing market penetration for its voice commerce platform is positively impacting its growth trajectory [9]

Group 1: SoundHound AI - SoundHound AI integrates audio recognition technology with artificial intelligence, with significant applications in restaurant drive-thru automation and digital assistants in vehicles [4] - The company is targeting larger industries such as finance, insurance, and healthcare, where customer service representatives are heavily employed [5] - Revenue for SoundHound AI rose 68% year over year in Q3, and three of the top 10 global financial services institutions have increased their software capabilities [5] - Management predicts organic growth of 50% or greater for the foreseeable future, which could lead to a doubling of the stock price if achieved [6] - The stock is currently down about 35% for the year, trading at approximately 35 times sales, which is considered reasonable given its growth rate [6][7] Group 2: IonQ - IonQ is a leader in the quantum computing industry, having experienced two boom and bust cycles in 2025 [8] - The company employs a trapped ion approach to quantum computing, which is noted for its accuracy, achieving 99.99% 2-qubit gate fidelity [11] - The quantum computing industry is expected to see fluctuating hype, with several exciting announcements anticipated regarding quantum breakthroughs [10]

Core Insights - The company is targeting a $140 billion addressable market for its voice AI technology, aiming to become a leader in the artificial intelligence voice recognition sector [1][4] - The stock has experienced a significant increase of over 900% in the last three years, despite a recent pullback, which may present a buying opportunity for long-term investors [2] Financial Performance - The company reported a 68% year-over-year increase in revenue for the third quarter, indicating strong growth and progress in expanding into the enterprise market [5] - The current market capitalization stands at approximately $5 billion, with a gross margin of 30.02% [6][7] Growth Potential - SoundHound's voice AI technology is already utilized by leading brands in the restaurant and automotive sectors, with plans to expand into customer service platforms, smart devices, and enterprise services [4] - Analysts expect the company to reach breakeven by 2027, which could significantly boost the stock price, given the large addressable market and strong revenue growth [8]

Core Insights - Palantir Technologies has seen its stock price more than double this year, potentially reaching a $1 trillion market cap by 2030, while SoundHound AI's stock has lost over 30% of its value, resulting in a $5 billion market cap [1][2] Palantir Technologies - Palantir's software products, including Gotham for governments and Foundry for businesses, enable advanced data analysis and interpretation, contributing to a 63% year-over-year revenue growth in Q3 [4] - The company closed 204 deals worth at least $1 million, 91 deals worth at least $5 million, and 53 deals worth at least $10 million, showcasing a strong business model with a 40% net profit margin [6][7] - Palantir's current market cap stands at $433 billion, with a gross margin of 80.81% and a price-to-sales (P/S) ratio of 111, which is justified by its significant revenue growth and profit margin expansion [5][10] SoundHound AI - SoundHound AI's stock has been disappointing, with a 68% year-over-year revenue increase to $42 million in Q3, but it incurred a net loss of $109.3 million during the same period [9] - The company has secured various deals across industries, including partnerships with Stellantis' Jeep and a German EV maker, but did not disclose contract amounts or terms [11] - SoundHound AI's market cap is $5 billion, with a gross margin of 30.02% and a high P/S ratio of 31.5, which raises concerns about its valuation given its net losses [8][10][12]