Why SoundHound AI Stock Is Down Today

Shares of SoundHound AI (SOUN -18.98%) traded much lower on Wednesday, following a robust third-quarter earnings report. The artificial intelligence (AI) expert beat the Street's expectations across the board, but the stock was still down by 19.1% at noon ET. The earnings surprise wasn't big enough to support an artificial price increase based on social media posts and classic meme-stock price-pumping action.SoundHound AI's earnings beat analyst targetsYour average Wall Street analyst firm had expected Soun ...