SoundHound AI (SOUN) stock has delivered outstanding gains of 119% so far this year, but a closer look at its price chart shows that it has witnessed a lot of volatility. Shares of the company that's known for providing voice artificial intelligence (AI) solutions are down 48% from their 52-week highs hit in March this year. The stock did pop last month after releasing first-quarter results, but it hasn't been able to sustain that momentum. In other words, good news has been in short supply for SoundHound A ...

With the debt reduction, SoundHound has $180 million in cash and no outstanding debt. With Nvidia and Jensen Huang on the prowl, SoundHound AI stock is attractive. Here's why. In May, SoundHound reported Q1 2024 results that included a 73% increase in revenue to $11.6 million, a 66% gross margin and a non-GAAP adjusted EBITDA (earnings before interest, taxes, depreciation and amortization) loss of $15.4 million, up slightly from a loss of $14.9 million a year earlier. In the first quarter, the company added ...

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SoundHound AI CEO Nitesh Sharan said the following about the debt retirement. SoundHound AI (NASDAQ:SOUN) stock is getting a boost on Monday after the voice artificial intelligence (AI) solutions company announced the early repayment of its debt! According to SoundHound AI, the company has reached an agreement with its lenders to prepay its remaining debt. That will result in the full repayment of the $100 million that the company owes to lenders. SoundHound AI notes that this allows it to eliminate all of ...

Shares of this company have returned +1.9% over the past month versus the Zacks S&P 500 composite's +3.5% change. The Zacks Computers - IT Services industry, to which SoundHound AI belongs, has lost 1.7% over this period. Now the key question is: Where could the stock be headed in the near term? Earnings Estimate Revisions We essentially look at how sell-side analysts covering the stock are revising their earnings estimates to reflect the impact of the latest business trends. And if earnings estimates go up ...

SoundHound AI's stock has been struggling of late, and this could send its shares even lower. It has been a great year for tech stock SoundHound AI (SOUN 3.83%)stock, which more than doubled in price thus far in 2024. But recently, it has been seeing some apprehension from investors. In the past three months, SoundHound's stock has fallen by more than 25%. SoundHound AI generated some strong growth in recent quarters, but overall, its numbers still aren't all that high. For the first quarter, which ended on ...

Could this out-of-favor AI stock be a good turnaround play? SoundHound AI (SOUN 3.83%) has been a tough stock to own over the past two years. The audio and speech recognition company went public by merging with a special purpose acquisition company (SPAC) on April 28, 2022, and its stock opened at $8.72 before soaring to a record high of $14.98 a week later. At the time, investors were impressed by its explosive sales growth, disruptive potential, and broad exposure to the expanding artificial intelligence ...

Looking at the corporate profile for SoundHound AI (NASDAQ:SOUN), it's difficult not to get excited about the application software enterprise. Specializing in independent voice artificial-intelligence (AI) solutions for multiple industries — including automotive and the Internet of Things (IoT) — SoundHound effectively marries human impulses with technological conveniences. Yet everything has a price and investors should be careful about overpaying for SoundHound AI stock. To be clear, I'm not issuing a bea ...

SoundHound AI, Inc. (SOUN) has recently been on Zacks.com's list of the most searched stocks. Therefore, you might want to consider some of the key factors that could influence the stock's performance in the near future. Over the past month, shares of this company have returned +15%, compared to the Zacks S&P 500 composite's +4.8% change. During this period, the Zacks Computers - IT Services industry, which SoundHound AI falls in, has gained 6%. The key question now is: What could be the stock's future dire ...

SoundHound AI could be a monster winner, but it's a long shot. Many investors seek small-cap stocks with the potential to dominate their niche, as their small size prevents them from being significantly owned by large firms. Additionally, because of their small size, investors will massively benefit if they see significant growth becasue they started from a small starting point. Combine small-cap potential with an explosive industry like artificial intelligence (AI), and you have a recipe for an investment ...