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 ...

Core Viewpoint - A class action lawsuit has been filed against SoundHound AI, Inc. for allegedly making false or misleading statements and failing to disclose critical information during the specified Class Period from May 10, 2024, to March 3, 2025 [3][4]. Summary by Relevant Sections Class Action Details - Investors who purchased SoundHound securities during the Class Period can file a lead plaintiff motion by May 27, 2025 [1]. - The Portnoy Law Firm is offering a complimentary case evaluation for affected investors [2]. Allegations Against SoundHound - The lawsuit claims that SoundHound had material weaknesses in its internal controls over financial reporting, which affected its ability to account for corporate acquisitions [3]. - It is alleged that SoundHound overstated its remediation efforts regarding these internal control weaknesses [3]. - The reported goodwill from the acquisition of Amelia Holdings, Inc. was inflated and would require correction due to these weaknesses [3]. - SoundHound is expected to need additional time and resources to properly account for its acquisitions of SYNQ3 and Amelia [3]. - The issues raised in the lawsuit increased the risk of SoundHound failing to file certain financial reports with the U.S. Securities and Exchange Commission on time [3]. Impact of Disclosure - On March 4, 2025, SoundHound announced it would be unable to file its annual report for 2024 on time due to the complexities in accounting for the SYNQ3 and Amelia acquisitions [4]. - Following this announcement, SoundHound's stock price fell by nearly 6% [4].

NEW YORK, April 29, 2025 (GLOBE NEWSWIRE) -- 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/soun ...

NEW YORK, April 29, 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 ...

NEW YORK, April 28, 2025 (GLOBE NEWSWIRE) -- The Gross Law Firm issues the following notice to shareholders of SoundHound AI, Inc. (NASDAQ: SOUN). Shareholders who purchased shares of SOUN during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointment. Appointment as lead plaintiff is not required to partake in any recovery. CONTACT US HERE: https://securitiesclasslaw.com/securities/soundhound-ai-inc-loss-submission-form/?id=145085&from=3 CLASS PERIOD: May 10 ...

Market Overview - The current market is not favoring artificial intelligence (AI) stocks, leading to a sell-off of high-growth names that require favorable economic conditions to thrive [1] - This situation presents an opportunity to acquire top-performing AI stocks at significant discounts, with potential for strong market performance in the coming years [1] Company Analysis: SoundHound AI - SoundHound AI experienced remarkable growth in 2024, with stock prices increasing over 800% during the year, peaking at over 1,000% [3] - The company focuses on audio inputs for AI applications, particularly in digital assistants for cars and drive-thru automation, as well as healthcare, insurance, and finance products [3] - For Q4 2024, SoundHound AI reported a 101% revenue growth, reaching $34.5 million, and provided a 2025 revenue guidance of $157 million to $177 million, indicating a projected growth of 97% [4] - The company has a revenue backlog of $1.2 billion, which, if converted to revenue, suggests continued growth beyond the current projections [5] - Although SoundHound AI has not yet returned to its all-time highs, its growth trajectory indicates potential for recovery [6] Company Analysis: The Trade Desk - The Trade Desk faced challenges, including a missed revenue guidance for the first time in its history, resulting in a stock sell-off of over 30% [7] - Currently, the stock is trading 65% below its all-time high, presenting a potential buying opportunity [8] - The Trade Desk operates in the digital advertising marketplace, helping clients place ads in emerging areas such as podcast audio and connected TV, which are critical for future growth [9] - Analysts project revenue growth of 17% in 2025 and 20% in 2026, indicating strong future performance [10] - The stock trades at a forward price-to-earnings (P/E) ratio of 27, which, while not the cheapest, is the lowest level recorded for the company, suggesting a bargain for investors [12]