Nvidia is undoubtedly the hottest stock in tech. All eyes are on its every move, so when it disclosed a hefty position in artificial intelligence (AI) company SoundHound AI (SOUN -0.98%) last February, shares of the small-cap stock rocketed up well over 50% in a day. The stock more than tripled to its peak in March and has since cooled after the company posted somewhat disappointing numbers. Its Q4 2023 revenue of $17.2 million missed estimates of $17.8 million, while it recorded a net loss per share of $0. ...

SoundHound AI, Inc. (SOUN) closed the latest trading day at $4.05, indicating a -0.98% change from the previous session's end. The stock trailed the S&P 500, which registered a daily loss of 0.25%. Meanwhile, the Dow gained 0.77%, and the Nasdaq, a tech-heavy index, lost 0.79%. The investment community will be closely monitoring the performance of SoundHound AI, Inc. in its forthcoming earnings report. It is anticipated that the company will report an EPS of -$0.09, marking a 10% rise compared to the same q ...

Allset's staff, including its founders Stas Mativiyenko and Anna Polischuk, will join the company, the company said in a statement. Allset's restaurant partnerships will also transfer to SoundHound and will have access to the company's AI voice products. Join enterprise leaders in San Francisco from July 9 to 11 for our flagship AI event. Connect with peers, explore the opportunities and challenges of Generative AI, and learn how to integrate AI applications into your industry. Register Now Expanding voice ...

SoundHound AI (NASDAQ: SOUN) stock price has been left in the dust by Nvidia and the broader market in the past three months. After peaking at over $10, it has crashed by more than 60% to the current $4. It has also tumbled to its lowest level since April 25th. Are you looking for signals & alerts from pro-traders? Sign-up to Invezz Signals™ for FREE. Takes 2 mins. Left behind by Nvidia Copy link to section SoundHound AI, a company that was formed in 2005, came into the spotlight earlier this year after Nvi ...

Over the past month, shares of this company have returned -21.7%, compared to the Zacks S&P 500 composite's +3.3% change. During this period, the Zacks Computers - IT Services industry, which SoundHound AI falls in, has lost 3.7%. The key question now is: What could be the stock's future direction? Revisions to Earnings Estimates Our analysis is essentially based on how sell-side analysts covering the stock are revising their earnings estimates to take the latest business trends into account. When earnings ...

Artificial intelligence stock SoundHound AI (NASDAQ:SOUN) is up 117% in 2024. That's a remarkable performance after the voice recognition specialist grew nearly 20% the year before. It used the proceeds to pay down all of its debt, some $100 million worth, and is now left in an excellent financial position. Although still a money-losing business, does its newly found financial freedom make the stock a buy? Especially after the run-up in its shares? While it reported a loss of 7 cents per share in the fourth ...

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 ...