Key Takeaways NVDA's market cap neared $4T as it posted 69% sales growth and strong demand for its Blackwell chips. SOUN shares jumped 211.6% on rising demand for voice AI in sectors like restaurants and customer service. SOUN posted Q1 revenues of $29.1M with 151% growth, but losses hit $188M over the past year.With the progress of artificial intelligence (AI), NVIDIA Corporation (NVDA) has experienced rapid business growth. However, SoundHound AI, Inc. (SOUN) , a provider of voice AI platforms, saw its ...

SoundHound AI (NASDAQ:SOUN), a voice AI platform empowering businesses with conversational AI experiences, has recently experienced a significant stock decline, plummeting over 50% year-to-date to $10. A substantial portion of this drop occurred in January, largely due to disappointed investor expectations following the Consumer Electronics Show (CES). The stock has yet to see a meaningful recovery since then. CHONGQING, CHINA - FEBRUARY 23: In this photo illustration, the SoundHound AI logo is displayed on ...

SAN DIEGO, May 23, 2025 /PRNewswire/ -- Robbins Geller Rudman & Dowd LLP announces that purchasers or acquirers of SoundHound AI, Inc. (NASDAQ: SOUN) securities between May 10, 2024 and March 3, 2025, all dates inclusive (the "Class Period"), have until Tuesday, May 27, 2025 to seek appointment as lead plaintiff of the SoundHound class action lawsuit.  Captioned Liles v. SoundHound AI, Inc., No. 25-cv-02915 (N.D. Cal.), the SoundHound class action lawsuit charges SoundHound as well as certain of SoundHound' ...

SAN DIEGO, May 21, 2025 (GLOBE NEWSWIRE) -- Robbins Geller Rudman & Dowd LLP announces that purchasers or acquirers of SoundHound AI, Inc. (NASDAQ: SOUN) securities between May 10, 2024 and March 3, 2025, inclusive (the “Class Period”), have until Tuesday, May 27, 2025 to seek appointment as lead plaintiff of the SoundHound class action lawsuit. Captioned Liles v. SoundHound AI, Inc., No. 25-cv-02915 (N.D. Cal.), the SoundHound class action lawsuit charges SoundHound as well as certain of SoundHound’s top e ...

It's been a long journey for SoundHound AI (SOUN -3.07%). Founded in 2005, the company has worked for decades to assemble a voice AI platform that enables customized conversational experiences. It's powered by more than 200 patents, and major businesses including Honda and Oracle have already signed on as customers. This year, analysts expect sales to grow by nearly 90% and in 2026, another 25% sales growth is expected. And yet somehow, SoundHound stock is down 50% in value since the year began. This stock ...

Core Viewpoint - The article discusses a class action lawsuit against SoundHound AI, Inc. for alleged violations of the Securities Exchange Act of 1934, with a focus on the company's internal control weaknesses and financial reporting issues during a specified class period [1][3][4]. Group 1: Lawsuit Details - The class action lawsuit is titled Liles v. SoundHound AI, Inc., and it allows purchasers of SoundHound securities from May 10, 2024, to March 3, 2025, to seek lead plaintiff status by May 27, 2025 [1][5]. - The lawsuit alleges that SoundHound made false or misleading statements regarding its internal controls over financial reporting, particularly related to its acquisitions of Amelia Holdings, Inc. and SYNQ3 [3][4]. - On March 4, 2025, SoundHound disclosed its inability to timely file its annual report for 2024, citing complexities in accounting for its acquisitions and identified material weaknesses in internal controls, leading to a nearly 6% drop in stock price [4][3]. Group 2: Company Background - SoundHound provides an independent voice AI platform aimed at enhancing conversational experiences for businesses across various industries [2]. - Robbins Geller Rudman & Dowd LLP, the law firm representing the plaintiffs, is recognized as a leading firm in securities fraud and shareholder litigation, having recovered over $2.5 billion for investors in 2024 alone [6].

SAN DIEGO, May 05, 2025 (GLOBE NEWSWIRE) -- Robbins Geller Rudman & Dowd LLP announces that purchasers or acquirers of SoundHound AI, Inc. (NASDAQ: SOUN) securities between May 10, 2024 and March 3, 2025, both dates inclusive (the “Class Period”), have until Tuesday, May 27, 2025 to seek appointment as lead plaintiff of the SoundHound class action lawsuit. Captioned Liles v. SoundHound AI, Inc., No. 25-cv-02915 (N.D. Cal.), the SoundHound class action lawsuit charges SoundHound as well as certain of SoundHo ...

SoundHound AI (SOUN) is scheduled to report its first-quarter 2025 results on May 8, after the closing bell.In the last reported quarter, SoundHound reported a loss of 69 cents per share, significantly wider than the 6-cent loss recorded in the same period a year earlier and notably below the Zacks Consensus Estimate by a wide margin of 527.3%. However, revenues jumped 101.5% year over year to $34.5 million, surpassing the consensus estimate by 3.1%. This revenue surge was supported by key customer addition ...