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SoundHound Shares Sink Despite Surging Revenue. Is It Time to Buy the Stock on a Dip?
SOUNSoundHound AI(SOUN) The Motley Fool·2024-11-17 21:15

Shares of SoundHound AI (SOUN -4.07%) sank following the release of its third-quarter results, despite the voice artificial intelligence (AI) company seeing surging revenue in the quarter. However, the stock is still up about 200% on the year, as of this writing.With the company reporting strong revenue growth, let's take a closer look at the company's most-recent results to see if this is a good opportunity to buy the stock on this dip.Record revenueDespite the drop in its stock price, SoundHound's Q3 resu ...