The SoundHound AI Stock Bull Case: Buy SOUN Under $5

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 ...