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SoundHound AI, Inc. (SOUN) Registers a Bigger Fall Than the Market: Important Facts to Note
ZACKS· 2025-02-20 23:50
SoundHound AI, Inc. (SOUN) ended the recent trading session at $10.90, demonstrating a -1.52% swing from the preceding day's closing price. The stock's performance was behind the S&P 500's daily loss of 0.43%. Meanwhile, the Dow lost 1.01%, and the Nasdaq, a tech-heavy index, lost 0.47%.Coming into today, shares of the company had lost 32.42% in the past month. In that same time, the Computer and Technology sector gained 0.32%, while the S&P 500 gained 2.6%.Analysts and investors alike will be keeping a clo ...
SoundHound AI Stock at a Crossroads—Is a Bottom in Sight?
MarketBeat· 2025-02-20 12:37
SoundHound AI TodaySOUNSoundHound AI$11.07 -0.37 (-3.23%) 52-Week Range$3.46▼$24.98Price Target$12.36Add to WatchlistSoundHound NASDAQ: SOUN stock may not have found its February bottom yet, but the odds are high that the market will hit it soon and begin to rebound. That is because of the company’s improving business quality, hypergrowth, valuation, and analysts' sentiment. However, the odds of a new all-time high are slim given the threat of dilution, so investors should expect volatility in 2025 with so ...
SoundHound AI Plunges After Nvidia Exits Its Stake. Should Investors Follow Suit?
The Motley Fool· 2025-02-20 11:30
Shares of SoundHound AI (SOUN -3.23%) plunged following a revelation that Nvidia (NVDA -0.12%) exited its investment in the voice artificial intelligence (AI) company. The stock is now down more than 40% on the year as of this writing; however, it is up more than 385% over the past year.SoundHound stock was pulled out of obscurity when it was revealed that the semiconductor giant purchased shares in the company in the fourth quarter of 2023. The stock immediately rocketed higher on the news, but it made its ...
Should Investors Buy SoundHound AI Stock Before Feb. 27?
The Motley Fool· 2025-02-20 11:15
SoundHound AI (SOUN -3.23%) stock crashed after Nvidia (NVDA -0.12%) disclosed it sold all of its shares in the innovative growth stock.*Stock prices used were the afternoon prices of Feb. 17, 2025. The video was published on Feb. 19, 2025. ...
Nvidia Just Sold 1 of Last Year's Best-Performing Artificial Intelligence (AI) Stocks
The Motley Fool· 2025-02-20 10:25
Nvidia's (NVDA -0.12%) graphics processors (GPUs) for the data center are the gold standard when it comes to developing artificial intelligence (AI). The company has added $3 trillion to its market capitalization over the last couple of years on the back of surging demand for those chips.Nvidia started spreading some of that wealth by investing in smaller AI stocks at the end of 2023. One of them is a leading developer of conversational AI software called SoundHound AI (SOUN -3.23%), and during 2024, its st ...
SoundHound AI sinks 28% in a day—Here's what triggered the drop
Finbold· 2025-02-18 13:43
Core Viewpoint - SoundHound AI experienced a significant decline in stock price following Nvidia's complete divestment from the company, raising concerns about its future growth trajectory and investor sentiment [1][3]. Group 1: Stock Performance and Market Reaction - On February 14, 2025, SoundHound AI's stock fell by 28.1%, closing at $10.97 after Nvidia announced it had fully exited its stake in the company [1]. - Nvidia's previous stake of 1.71 million shares was valued at approximately $33.57 million at the end of 2024, based on a closing price of $19.43 on December 31 [3]. - The divestment from SoundHound AI, although small relative to Nvidia's $3.36 trillion market cap, sent a negative signal to the market, exacerbating concerns about SoundHound AI's growth [3]. Group 2: Nvidia's Investment Strategy - Nvidia's exit from SoundHound AI was part of a broader portfolio reshuffle, which included a 43.83% reduction in its stake in Arm Holdings and sales of shares in Serve Robotics and Nano X Imaging [4]. - New investments were made by Nvidia in WeRide Inc., a self-driving technology company, and Nebius Group N.V., an AI cloud computing firm [4]. Group 3: Future Outlook for SoundHound AI - Despite the stock decline, SoundHound AI trades at 26.8 times its projected sales for the year, indicating vulnerability to further market volatility [5]. - The company has demonstrated strong revenue growth and maintains a presence in the expanding voice AI market, particularly in healthcare, automotive, and smart devices [6]. - Analysts, including Wedbush's Daniel Ives, remain optimistic about SoundHound AI's long-term potential in the AI sector, labeling it a 'long-term winner in the AI revolution' [6].
Is SoundHound AI Stock Your Ticket to Becoming a Millionaire?
The Motley Fool· 2025-02-17 12:45
Core Viewpoint - SoundHound AI has experienced significant stock volatility, rising approximately 170% since early November 2024 but remains down over 40% from its all-time high, leading to speculation about its potential for future growth [1] Company Overview - SoundHound AI specializes in audio recognition technology, differentiating itself from other generative AI models that primarily use text inputs [4] - The company has established partnerships with major clients, including Stellantis for automotive applications and various restaurants for AI integration in drive-thrus and online ordering [6] Revenue and Growth Potential - SoundHound has diversified its revenue streams across multiple sectors, including automotive, restaurants, financial services, healthcare, and insurance, with no single sector contributing more than 25% of total revenue [7] - The company anticipates significant revenue growth, projecting to double its revenue in 2024 and again in 2025, with preliminary guidance of $165 million in sales for 2025 compared to $83 million in 2024 [8] - SoundHound's booking backlog exceeds $1 billion, indicating strong projected revenue over the next six years as the use cases for its technology expand [9] Market Position and Valuation - To achieve a $1 million return from a $10,000 investment, SoundHound's market capitalization would need to reach approximately $540 billion, comparable to major companies like Mastercard and Oracle [10][11] - Current revenue levels are significantly lower than those of leading software companies such as Salesforce and Adobe, suggesting that SoundHound's growth trajectory may not align with the expectations set by these larger firms [12] Investment Considerations - While the potential for substantial returns exists, the likelihood of SoundHound making a $10,000 investment into $1 million is considered low, though it remains a viable investment opportunity due to its strong product offering and growth prospects in the AI integration space [13]
Prediction: 2 Stocks That Will Be Worth More Than SoundHound AI a Year From Now
The Motley Fool· 2025-02-16 17:30
SoundHound AI (NASDAQ: SOUN) has been one of the big winners in the AI boom so far.Shares of the voice-activated AI specialist jumped by more than 800% last year, though it has cooled off a bit since. Investors have bet on the fast-growing company, which got its start as a music identification app like Shazam and now provides technology for automakers, restaurants, and other businesses to run voice-activated systems.SoundHound has been growing fast as well, with revenue up 89% in the third quarter to $25.1 ...
SoundHound AI Stock Plummets as Nvidia Walks Away
Schaeffers Investment Research· 2025-02-14 15:14
Core Points - SoundHound AI Inc's stock is experiencing a significant decline, dropping 23.1% to $11.72 after Nvidia dissolved its stake in the company [1] - There is a notable increase in options trading activity, with over 111,000 calls and 87,000 puts traded, indicating heightened market interest [1] - Bearish sentiment has been building, with short interest rising 27.3% in the last month, totaling 101.8 million shares sold short, which is 30.8% of the stock's float [2] - The current loss positions SoundHound AI for its largest single-session decline since June 2022, when it fell by 48.4% [3] - Despite a year-over-year gain of 193.9%, the stock is down 44.3% year-to-date and is trading at its lowest level since early December [3]
2 Monster Stocks That Could Set You Up for Life
The Motley Fool· 2025-02-11 13:00
The stock market has a long history of creating wealth for investors. Companies that have a record of strong growth with expanding market potential for their products are the ones that can generate lasting wealth for shareholders.Here are two companies doing exciting things that could produce wealth-building returns.1. TeslaTesla (TSLA -3.01%) stock delivered incredible returns over the last 12 years. A $1,000 investment when the company was just launching the first in its lineup of Model S, 3, X, and Y veh ...