Core Viewpoint - SoundHound AI is experiencing significant revenue growth driven by its voice AI platform, with expectations for continued improvement in both top and bottom lines in 2025, despite a history of earnings misses [2][4][18]. Financial Performance - In the last reported quarter, SoundHound recorded a loss of $0.69 per share, wider than the $0.06 loss from the previous year, and below the Zacks Consensus Estimate by 527.3% [2][3]. - Revenue surged 101.5% year over year to $34.5 million, exceeding the consensus estimate by 3.1% [2]. - The Zacks Consensus Estimate for the upcoming first quarter is a loss of $0.07 per share, unchanged over the past 60 days, with expected revenues of $30.2 million, indicating a 160.6% year-over-year increase [4][5]. Growth Drivers - SoundHound's growth is supported by key customer additions, broader partnerships, and advancements in generative AI, particularly in sectors like quick-service restaurants and automotive [2][9][10]. - The company serves over 10,000 restaurant locations, with significant partnerships in the restaurant industry, enhancing recurring revenue opportunities [9]. - Recent enterprise contracts in healthcare, energy, and government sectors are expected to contribute to revenue growth, with a cumulative bookings backlog exceeding $1.2 billion, up 75% year over year [10][12]. Partnerships and Technological Advancements - Collaborations with major companies like NVIDIA and Lucid Group are enhancing SoundHound's voice AI capabilities, particularly in automotive applications [11][19]. - The integration of NVIDIA AI Enterprise tools is expected to improve processing speeds and user interactions in voice technology [11]. Market Performance - SOUN shares have increased by 23.6% in the past month, outperforming the broader Zacks Computer & Technology sector and the Zacks Computers - IT Services industry [13]. - Despite being considered overvalued based on traditional metrics, the stock's recent performance suggests optimism in the market [16][20]. Analyst Sentiment - Analysts remain positive on SOUN stock, with three out of six rating it a "Strong Buy," and an average price target of $13.92, indicating a potential upside of 48.2% from its latest closing price [19].

Core Insights - SoundHound AI is set to release a significant financial update that is highly anticipated by investors [1] Company Summary - The stock prices referenced were from the afternoon of May 1, 2025, indicating a specific timeframe for the financial update [1] - The video discussing this update was published on May 3, 2025, suggesting that the information is timely and relevant for current investors [1]

Core Viewpoint - SoundHound AI is experiencing a significant increase in growth expectations, with analysts projecting nearly double the revenue growth compared to last year, which was initially estimated at 30% [1][4]. Company Summary - SoundHound AI's revenue for the previous year was $85 million, and it is positioned to benefit from the expanding voice AI market, which is expected to exceed $40 billion by 2032 [2]. - The company's shares are currently trading at 36.5 times trailing sales, but analysts predict a sales growth of approximately 96% this year, with a more modest growth of nearly 20% expected next year [4][6]. - Over the next five to ten years, SoundHound AI has the potential for double-digit sales growth, with some periods possibly reaching triple-digit growth [6]. Industry Summary - The voice AI market is anticipated to grow at around 30% annually, which could provide a favorable environment for SoundHound AI's growth trajectory [4]. - The current valuation of SoundHound AI, when considering future growth rates, appears more reasonable, trading at 21.9 times forward sales based on expected growth over the next 12 months [6].

Core Viewpoint - A class action securities lawsuit has been filed against SoundHound AI, Inc. for alleged securities fraud affecting investors between May 10, 2024, and March 3, 2025 [1][2]. Group 1: Lawsuit Details - The lawsuit claims that SoundHound AI, Inc. made false statements regarding its internal controls over financial reporting, which impaired its ability to account for corporate acquisitions [2]. - It is alleged that the company overstated its remediation efforts concerning material weaknesses in its internal controls [2]. - The reported goodwill following the Amelia Acquisition is claimed to be inflated and in need of correction due to these material weaknesses [2]. - The lawsuit indicates that SoundHound AI, Inc. may require additional time and resources to account for the SYNQ3 and Amelia Acquisitions [2]. - There is an increased risk that the company may fail to file certain financial reports with the SEC in a timely manner [2]. - The public statements made by the company are asserted to be materially false and misleading throughout the relevant period [2]. Group 2: Next Steps for Investors - Investors who suffered losses during the specified timeframe have until May 27, 2025, to request to be appointed as lead plaintiff [3]. - Participation in the lawsuit does not require serving as a lead plaintiff to share in any potential recovery [3]. - Class members may be entitled to compensation without incurring any out-of-pocket costs or fees [3]. Group 3: Law Firm Background - Levi & Korsinsky, LLP has a history of securing hundreds of millions of dollars for shareholders and has extensive expertise in complex securities litigation [4]. - The firm has been recognized in ISS Securities Class Action Services' Top 50 Report for seven consecutive years as one of the leading securities litigation firms in the United States [4].

NEW YORK, May 2, 2025 /PRNewswire/ -- Levi & Korsinsky, LLP notifies investors in SoundHound AI, Inc. ("SoundHound AI, Inc." or the "Company") (NASDAQ: SOUN) of a class action securities lawsuit.CLASS DEFINITION: The lawsuit seeks to recover losses on behalf of SoundHound AI, Inc. investors who were adversely affected by alleged securities fraud between May 10, 2024 and March 3, 2025. Follow the link below to get more information and be contacted by a member of our team:https://zlk.com/pslra-1/soundhound-ai ...

Core Viewpoint - Faruqi & Faruqi, LLP is investigating potential claims against SoundHound AI, Inc. due to alleged violations of federal securities laws, with a deadline for investors to seek lead plaintiff status by May 27, 2025 [2][4]. Group 1: Legal Investigation and Claims - The law firm is encouraging investors who suffered losses exceeding $100,000 in SoundHound AI between May 10, 2024, and March 3, 2025, to discuss their legal options [1]. - The complaint alleges that SoundHound and its executives made false and misleading statements regarding the company's internal controls and financial reporting, particularly related to corporate acquisitions [4]. - SoundHound disclosed on March 4, 2025, that it would be unable to timely file its Annual Report for 2024 due to complexities in accounting for acquisitions, leading to a 5.81% drop in stock price [5]. Group 2: Company Background and Context - Faruqi & Faruqi, LLP is a national securities law firm with a history of recovering hundreds of millions of dollars for investors since its founding in 1995 [3]. - The firm is also seeking information from whistleblowers, former employees, and shareholders regarding SoundHound's conduct [7].

Core Viewpoint - The Gross Law Firm has issued a notice to shareholders of SoundHound AI, Inc. regarding a class action lawsuit due to alleged misleading statements and material weaknesses in financial reporting [1][3]. Group 1: Allegations - The complaint alleges that during the class period from May 10, 2024, to March 3, 2025, SoundHound AI made materially false and misleading statements [3]. - Specific allegations include: - Material weaknesses in internal controls over financial reporting that impaired the company's ability to account for corporate acquisitions [3]. - Overstatement of the remediation of these weaknesses, leading to inflated reported goodwill following the Amelia Acquisition [3]. - Increased risk of delays in filing financial reports with the SEC due to these issues [3]. Group 2: Class Action Details - The deadline for shareholders to register for the class action is May 27, 2025 [4]. - Shareholders who register will be enrolled in a portfolio monitoring software for updates on the case [4]. - There is no cost or obligation for shareholders to participate in the case [4]. Group 3: Law Firm Background - The Gross Law Firm is a nationally recognized class action law firm focused on protecting investors' rights against deceit and fraud [5]. - The firm aims to ensure companies adhere to responsible business practices and seeks recovery for investors who suffered losses due to misleading statements [5].

Core Viewpoint - The Gross Law Firm has issued a notice to shareholders of SoundHound AI, Inc. regarding a class action lawsuit due to alleged misleading statements and material weaknesses in financial reporting during a specified class period [1][2]. Group 1: Allegations - The complaint alleges that SoundHound's internal controls over financial reporting had material weaknesses that impaired its ability to account for corporate acquisitions [2] - It is claimed that the company overstated its remediation efforts regarding these internal control weaknesses [2] - The reported goodwill following the Amelia Acquisition is alleged to be inflated and in need of correction [2] - SoundHound is expected to require additional time and resources to account for the SYNQ3 and Amelia Acquisitions [2] - There is an increased risk that the company may not file certain financial reports with the SEC in a timely manner due to these issues [2] - The public statements made by SoundHound during the relevant times are described as materially false and misleading [2] Group 2: Class Action Details - The class period for the lawsuit is defined as May 10, 2024, to March 3, 2025 [2] - Shareholders are encouraged to register for the class action by May 27, 2025, to potentially become lead plaintiffs [3] - Once registered, shareholders will receive updates through a portfolio monitoring software regarding the case [3] Group 3: Law Firm Background - The Gross Law Firm is a nationally recognized class action law firm focused on protecting investors' rights against deceit and fraud [4] - The firm aims to ensure companies adhere to responsible business practices and seeks recovery for investors who suffered losses due to misleading statements [4]

Core Insights - SoundHound AI and Palantir Technologies are both positioned to benefit from the growth of the AI market, with SoundHound focusing on speech and audio recognition and Palantir on data mining services for government and large enterprises [1] - Palantir has significantly outperformed SoundHound in stock price, with Palantir's stock rising to nearly $115 compared to SoundHound's trading just below $10 [2] Company Performance - SoundHound's revenue grew by 47% in both 2022 and 2023, and is projected to increase by 85% in 2024, driven by acquisitions and partnerships [6] - Analysts expect SoundHound's revenue to reach $166 million in 2024, with a narrowed net loss from $351 million to $97 million [7] - Palantir's revenue increased by 24% in 2022, 17% in 2023, and 29% in 2024, with profitability achieved in 2023 due to reduced spending [10][11] - Analysts forecast Palantir's revenue and EPS to grow by 31% and 35% respectively in 2025 [12] Valuation and Market Position - SoundHound has a market cap of $3.9 billion and trades at 23 times this year's sales, raising concerns about its high valuation amid ongoing losses [8] - Palantir's market cap is $270.5 billion, trading at 213 times its forward adjusted earnings and 72 times this year's sales, indicating it may be overvalued [12] - Both companies face challenges in justifying their valuations, with SoundHound struggling with profitability and Palantir facing potential risks from government spending cuts [8][12] Investment Outlook - The analysis suggests caution in investing in either stock at present, with SoundHound's business model appearing unsustainable and Palantir's stock being considered overvalued [13] - If a choice must be made, Palantir is favored for its healthier business outlook, though dollar-cost averaging is recommended to mitigate volatility [13]

Nvidia (NVDA 0.12%) has added an eye-popping $2.3 trillion to its market capitalization since the beginning of 2023, thanks to soaring demand for its data center chips that are the best in the industry for powering and training artificial intelligence (AI).Nvidia has put some of its incredible wealth to work by investing in a small portfolio of other AI stocks. SoundHound AI (SOUN -2.82%) was one of them, but the chip giant sold its entire stake during 2024's fourth quarter, according to its latest quarterl ...