SoundHound AI Stock Tumbles as Margins Drop

Key TakeawaysShares of SoundHound AI sank as the AI-based voice software maker's margins dropped. The company's revenue set a record, and its loss was less than analysts had anticipated.SoundHound AI boosted its revenue outlook for both 2024 and 2025. SoundHound AI (SOUN) shares plunged 16% Wednesday, a day after the provider of artificial intelligence (AI) voice technology software reported a big drop in gross margin.  The Nvidia (NVDA)-backed company’s third-quarter GAAP gross margin sank 24.3 percentage ...