Nvidia (NVDA 0.12%) has added an eye-popping $2.3 trillion to its market capitalization since the beginning of 2023, thanks to soaring demand for its data center chips that are the best in the industry for powering and training artificial intelligence (AI).Nvidia has put some of its incredible wealth to work by investing in a small portfolio of other AI stocks. SoundHound AI (SOUN -2.82%) was one of them, but the chip giant sold its entire stake during 2024's fourth quarter, according to its latest quarterl ...

Core Viewpoint - A class action lawsuit has been filed against SoundHound AI, Inc. for allegedly making false or misleading statements and failing to disclose critical information during the specified Class Period from May 10, 2024, to March 3, 2025 [3][4]. Summary by Relevant Sections Class Action Details - Investors who purchased SoundHound securities during the Class Period can file a lead plaintiff motion by May 27, 2025 [1]. - The Portnoy Law Firm is offering a complimentary case evaluation for affected investors [2]. Allegations Against SoundHound - The lawsuit claims that SoundHound had material weaknesses in its internal controls over financial reporting, which affected its ability to account for corporate acquisitions [3]. - It is alleged that SoundHound overstated its remediation efforts regarding these internal control weaknesses [3]. - The reported goodwill from the acquisition of Amelia Holdings, Inc. was inflated and would require correction due to these weaknesses [3]. - SoundHound is expected to need additional time and resources to properly account for its acquisitions of SYNQ3 and Amelia [3]. - The issues raised in the lawsuit increased the risk of SoundHound failing to file certain financial reports with the U.S. Securities and Exchange Commission on time [3]. Impact of Disclosure - On March 4, 2025, SoundHound announced it would be unable to file its annual report for 2024 on time due to the complexities in accounting for the SYNQ3 and Amelia acquisitions [4]. - Following this announcement, SoundHound's stock price fell by nearly 6% [4].

NEW YORK, April 29, 2025 (GLOBE NEWSWIRE) -- Levi & Korsinsky, LLP notifies investors in SoundHound AI, Inc. ("SoundHound AI, Inc." or the "Company") (NASDAQ: SOUN) of a class action securities lawsuit. CLASS DEFINITION: The lawsuit seeks to recover losses on behalf of SoundHound AI, Inc. investors who were adversely affected by alleged securities fraud between May 10, 2024 and March 3, 2025. Follow the link below to get more information and be contacted by a member of our team: https://zlk.com/pslra-1/soun ...

NEW YORK, April 29, 2025 /PRNewswire/ -- Levi & Korsinsky, LLP notifies investors in SoundHound AI, Inc. ("SoundHound AI, Inc." or the "Company") (NASDAQ: SOUN) of a class action securities lawsuit.CLASS DEFINITION: The lawsuit seeks to recover losses on behalf of SoundHound AI, Inc. investors who were adversely affected by alleged securities fraud between May 10, 2024 and March 3, 2025. Follow the link below to get more information and be contacted by a member of our team:https://zlk.com/pslra-1/soundhound ...

NEW YORK, April 28, 2025 (GLOBE NEWSWIRE) -- The Gross Law Firm issues the following notice to shareholders of SoundHound AI, Inc. (NASDAQ: SOUN). Shareholders who purchased shares of SOUN during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointment. Appointment as lead plaintiff is not required to partake in any recovery. CONTACT US HERE: https://securitiesclasslaw.com/securities/soundhound-ai-inc-loss-submission-form/?id=145085&from=3 CLASS PERIOD: May 10 ...

Market Overview - The current market is not favoring artificial intelligence (AI) stocks, leading to a sell-off of high-growth names that require favorable economic conditions to thrive [1] - This situation presents an opportunity to acquire top-performing AI stocks at significant discounts, with potential for strong market performance in the coming years [1] Company Analysis: SoundHound AI - SoundHound AI experienced remarkable growth in 2024, with stock prices increasing over 800% during the year, peaking at over 1,000% [3] - The company focuses on audio inputs for AI applications, particularly in digital assistants for cars and drive-thru automation, as well as healthcare, insurance, and finance products [3] - For Q4 2024, SoundHound AI reported a 101% revenue growth, reaching $34.5 million, and provided a 2025 revenue guidance of $157 million to $177 million, indicating a projected growth of 97% [4] - The company has a revenue backlog of $1.2 billion, which, if converted to revenue, suggests continued growth beyond the current projections [5] - Although SoundHound AI has not yet returned to its all-time highs, its growth trajectory indicates potential for recovery [6] Company Analysis: The Trade Desk - The Trade Desk faced challenges, including a missed revenue guidance for the first time in its history, resulting in a stock sell-off of over 30% [7] - Currently, the stock is trading 65% below its all-time high, presenting a potential buying opportunity [8] - The Trade Desk operates in the digital advertising marketplace, helping clients place ads in emerging areas such as podcast audio and connected TV, which are critical for future growth [9] - Analysts project revenue growth of 17% in 2025 and 20% in 2026, indicating strong future performance [10] - The stock trades at a forward price-to-earnings (P/E) ratio of 27, which, while not the cheapest, is the lowest level recorded for the company, suggesting a bargain for investors [12]

Core Viewpoint - A class action securities lawsuit has been filed against SoundHound AI, Inc. alleging securities fraud that affected investors between May 10, 2024, and March 3, 2025 [1][2]. Group 1: Lawsuit Details - The complaint claims that SoundHound AI, Inc. made false statements regarding its internal controls over financial reporting, which impaired its ability to account for corporate acquisitions [2]. - It is alleged that the company overstated its remediation efforts concerning material weaknesses in its internal controls [2]. - The lawsuit indicates that SoundHound's reported goodwill following the Amelia Acquisition was inflated and would require correction [2]. - The company is expected to incur additional time and costs to account for the SYNQ3 and Amelia Acquisitions due to these weaknesses [2]. - The allegations suggest an increased risk of the company failing to file certain financial reports with the SEC in a timely manner [2]. - Overall, the public statements made by SoundHound were claimed to be materially false and misleading during the relevant period [2]. Group 2: Next Steps for Investors - Investors who suffered losses during the specified timeframe have until May 27, 2025, to request appointment as lead plaintiff in the lawsuit [3]. - Participation in the lawsuit does not require serving as a lead plaintiff, and there are no out-of-pocket costs for class members [3]. Group 3: Firm Background - Levi & Korsinsky, LLP has a strong track record in securities litigation, having secured hundreds of millions of dollars for shareholders over the past 20 years [4]. - The firm has been recognized in ISS Securities Class Action Services' Top 50 Report for seven consecutive years as one of the leading securities litigation firms in the United States [4].

Core Viewpoint - The Gross Law Firm is notifying shareholders of SoundHound AI, Inc. regarding a class action lawsuit due to alleged misleading statements and material weaknesses in financial reporting during a specified class period [1][2]. Group 1: Allegations - The complaint alleges that SoundHound's internal controls over financial reporting had material weaknesses that impaired its ability to account for corporate acquisitions [2] - It is claimed that the company overstated its remediation efforts regarding these weaknesses, leading to inflated reported goodwill following the Amelia Acquisition [2] - The allegations suggest that SoundHound may require additional time and resources to account for the SYNQ3 and Amelia Acquisitions, increasing the risk of delayed financial report filings with the SEC [2] Group 2: Class Action Details - The class period for the lawsuit is defined as May 10, 2024, to March 3, 2025, with a deadline for shareholders to register by May 27, 2025 [2][3] - Shareholders who register will be enrolled in a portfolio monitoring system to receive updates on the case [3] - There is no cost or obligation for shareholders to participate in the case [3] Group 3: Law Firm Background - The Gross Law Firm is a nationally recognized class action law firm focused on protecting investors' rights against deceit and fraud [4] - The firm aims to ensure companies adhere to responsible business practices and seeks recovery for investors affected by misleading statements [4]

DEFENDANTS' ALLEGED MISCONDUCT: The complaint alleges that, throughout the Class Period, Defendants made false and misleading statements and/or failed to disclose that: (1) the material weaknesses in SoundHound's internal controls over financial reporting impaired SoundHound's ability to effectively account for corporate acquisitions; (2) in addition, SoundHound overstated the extent to which it had remediated, and/or its ability to remediate, the material weaknesses in its internal controls over financial ...

Core Viewpoint - SoundHound AI's stock has significantly declined, down approximately 60% from its December highs, raising questions about potential buying opportunities for investors [1] Company Overview - SoundHound AI has been in the public market for several years and gained attention when Nvidia owned shares, which initially boosted its stock price [2] - Nvidia no longer holds shares in SoundHound AI, leading to speculation about the reasons behind their initial investment [3][4] - SoundHound AI is working towards profitability and has raised capital multiple times, with management expecting to achieve adjusted EBITDA profitability by the end of 2025 [5] Financial Performance - SoundHound AI experienced a remarkable revenue growth of 101% in Q4, with projected revenue for 2025 expected to be between $157 million and $177 million, indicating a growth rate of 97% [6] - The company's valuation has decreased from over 100 times sales at its peak to 41 times sales, which, while still high, is more justifiable given the expected revenue growth [7][8] Market Position and Future Outlook - SoundHound AI's revenue backlog was reported at $1.2 billion in Q4, suggesting significant future revenue potential, not including new deals that may be signed [10] - The stock could be a solid investment opportunity, with potential strong performance over the next five years if management's projections are met [11]