Speech recognition specialist SoundHound AI Inc. (NASDAQ: SOUN) has experienced a remarkable surge in 2024, with its stock price rising by 134.2% year-to-date. This growth is largely attributed to strategic initiatives, particularly the acquisition of Amelia AI for $80 million. Amelia's conversational and generative AI capabilities are expected to significantly enhance SoundHound's product offerings, enabling expansion into new sectors such as financial services, insurance, and healthcare. This acquisition ...

The growing demand for SoundHound's AI voice solutions could result in more upside. Shares of SoundHound AI (SOUN 0.60%) have crushed the broad market in the past year with stunning gains of almost 170%, despite witnessing a lot of volatility. Investors have been buying this small-cap company hand over fist to take advantage of the growing demand for voice-based artificial intelligence (AI) solutions. But SoundHound stock really took off earlier this year after Nvidia revealed a small stake in the company, ...

Its acquisition of Amelia could be a game changer. SoundHound AI (SOUN -3.29%) shares were strong last week after the company announced robust secondquarter revenue growth and an important deal. A transformative acquisition While SoundHound reported strong Q2 results, the news was overshadowed by the acquisition the company announced ahead of its earnings release. It will acquire enterprise artificial intelligence (AI) software company Amelia for $80 million in cash and equity, as well as the assumption of ...

SoundHound (NASDAQ: SOUN) stock is a perfect example of the fact that there is more than one way to utilize the ongoing artificial intelligence (AI) rally, as the company provides generative AI soundovers for various businesses. SOUN stock surged almost 20% after it announced on August 8 an $80 million acquisition of Amelia enterprise, enabling it to diversify its base of customers and expand its reach across multiple industries, with most notable examples of central banks and Fortune 500 companies. In its ...

Parkev Tatevosian, CFA has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. Parkev Tatevosian is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool. ...

The company acquired yet another artificial intelligence company. In this video, I will cover the recent updates regarding SoundHound AI (SOUN -6.53%). Check out the short video to learn more, consider subscribing, and click the special offer link below. *Stock prices used were from the trading day of Aug. 8, 2024. The video was published on Aug. 9, 2024. ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2024 o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from________to________ Commission File No. 001-40193 SOUNDHOUND AI, INC. (Exact name of registrant as specified in its charter) | --- | --- | |------ ...

Vertigo3d SoundHound AI, Inc. (NASDAQ:SOUN) has risen again, but not as high as the recent AI hype highs. The AI voice company has a promising fiture, but the business just doesn't ever scale fast enough in the dynamic Al market. My investment thesis is Neutral on the stock around $5 with another deal likely to boost revenues, but not help with the key organic growth. finviz Fri AUG 09 2024 12:40 PM ET SOUN DAILY -0.20 (3.93%) 11.00 Aug 9 0 5.10 SMA 2 10.00 SMA 50 SMA 200 9.00 8.00 7.00 6.00 5.01 4.00 3.00 ...

SoundHound AI Inc SOUN shares tanked in early trading on Friday, despite the company reporting upbeat second-quarter results. The results came amid an exciting earnings season. Here are some key analyst takeaways. Cantor Fitzgerald On SoundHound AI Analyst Brett Knoblauch upgraded the rating from Neutral to Overweight, while raising the price target from $5 to $7. SoundHound AI reported "solid" results for the second quarter, with revenue of $13.5 million coming in slightly higher than expected, Knoblauch s ...

SoundHound AI (NASDAQ:SOUN) announced yesterday morning that it had acquired another conversational artificial intelligence (AI) company, Amelia, for $80 million. SOUN stock soared on that news. Also importantly, SoundHound reported higher-than-expected second-quarter revenue yesterday after the market closed. However, SOUN stock is falling 3.5% in early trading after rallying 21% yesterday. Five Things to Know About Amelia Soundhound co-founder and CEO Keyvan Mohajer said yesterday that Amelia specializes ...