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 ...

SoundHound AI (NASDAQ:SOUN) has emerged as a significant player in the artificial intelligence (AI) sector. Shares of the frontrunner in voice AI have surged more than 100% year-to-date (YTD). This impressive performance starkly contrasts with the Global X Robotics & Artificial Intelligence ETF (NASDAQ:BOTZ), which has declined nearly 1% over the same period. However, the rapid appreciation of the SOUN stock price raises concerns about the sustainability of the move. The AI sector is currently facing increa ...

Key Takeaways SoundHound AI shares surged 21% on Thursday after the provider of voice generative AI announced that it had acquired enterprise AI software firm Amelia for $80 million. Shares then dropped 5% in extended trading after SoundHound reported its quarterly results. The price trades within a descending triangle, a chart pattern that signals a potential continuation of the uptrend in SoundHound shares. Key upside price levels to watch include $5.75, $8.60, and $15, while crucial downside areas to mon ...

SoundHound AI, Inc. (SOUN) came out with a quarterly loss of $0.11 per share versus the Zacks Consensus Estimate of a loss of $0.09. This compares to loss of $0.10 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of -22.22%. A quarter ago, it was expected that this company would post a loss of $0.09 per share when it actually produced a loss of $0.07, delivering a surprise of 22.22%. Over the last four quarters, the company has s ...

SoundHound AI, Inc. (NASDAQ:SOUN) Q2 2024 Earnings Conference Call August 8, 2024 5:00 PM ET Company Participants Scott Smith - Head, Investor Relations Keyvan Mohajer - Chief Executive Officer Nitesh Sharan - Chief Financial Officer Conference Call Participants Gil Luria - D.A. Davidson Dan Ives - Wedbush Securities Mike Latimore - Northland Capital Markets Scott Buck - H.C. Wainwright Brett Knoblauch - Cantor Fitzgerald Glenn Mattson - Ladenburg Thalmann Leo Carpio - Joseph Gunnar Operator Hello, and than ...

SOUNDHOUND AI, INC. CONDENSED CONSOLIDATED BALANCE SHEETS (In thousands, except share and per share data) June 30, | --- | --- | --- | --- | |-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|-------|-------------|---------------------| | | 2024 | (Unaudited) | December 31, \n2023 | | ASSETS | | | | | | | | | | Current assets: | | | ...

The artificial intelligence rally is very hype-driven. However, this innovative software company could help change things. Let's be honest. After the stunning launch of OpenAI's ChatGPT in late 2022, the generative artificial intelligence (AI) industry has been more hype than substance. While hardware makers like Nvidia or Advanced Micro Devices have made tons of money selling the chips needed to run and train these complex algorithms, there have been conspicuously fewer profits on the consumer-facing softw ...

SoundHound AI (SOUN) is scheduled to report its second-quarter 2024 results on Aug 8. The Zacks Consensus Estimate for revenues is currently pegged at $13.01 million, suggesting growth of 48.69% from the year-ago quarter's reported figure. The consensus mark for loss is pegged at 9 cents per share, unchanged over the past 30 days. SOUN reported a loss of 10 cents per share in the year-ago quarter. SOUN's earnings beat the Zacks Consensus Estimate in two of the trailing four quarters, missing once and was in ...

OceanProd/iStock via Getty Images SoundHound AI (NASDAQ:SOUN) is an interesting stock. Here on Seeking Alpha, there's a huge variance in analyst opinion on the name, which makes sense given the company's strong performance and astronomical valuation. On the one hand, it's an exciting company in a transformative industry. On the other hand, the multiple (for some) is simply too expensive to consider. While there are a lot of factors in play when it comes to a potential allocation, the investment case for SOU ...

Let's compare Nvidia's current AI dominance with SoundHound AI's growth potential. Which stock is the better buy right now? Artificial intelligence (AI) hardware giant Nvidia (NVDA -2.26%) doesn't have much in common with voice control software specialist SoundHound AI (SOUN -4.13%). Nvidia is one of the largest and most profitable businesses in the world right now, while SoundHound AI is just getting its feet wet in the world of big business. The Goliath-and-David relationship is almost comical. I mean, Nv ...