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SoundHound AI Stock Tumbles as Margins Drop
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 points to 48.6%, and non-GAAP gross margin tumbled 14.0 percentage points to 59.7%.
Why SoundHound AI Stock Is Down Today
Shares of
SoundHound
AI (NASDAQ: SOUN) traded much lower on Wednesday, following a robust third-quarter earnings report. The artificial intelligence (AI) expert beat the Street's expectations across the board, but the stock was still down by 19.1% at noon ET.
SoundHound AI Is Plummeting Today -- Is It Time to Buy the Stock?
SoundHound
AI's Q3 report arrived with better-than-expected sales and earnings numbers. The company also raised its full-year sales targets for 2024 and 2025. Big sell-offs despite otherwise encouraging data in the Q3 report highlight the stock's ...
Why Is SoundHound AI Stock Plummeting After Earnings?
In this video, I will cover SoundHound AI 's (NASDAQ: SOUN) third-quarter earnings report. Watch the short video to learn more, consider subscribing, and click the special offer link below. *Stock prices used were from the trading day of Nov.
3h
on MSN
SoundHound AI: Buy, Sell, or Hold?
As of this writing, it's been about three stock-trading days since I saw SoundHound AI (NASDAQ: SOUN) soaring like a mem e ...
12h
SoundHound AI Stock Sinks 17% Despite Beating Earnings and Revenue Estimates and Raising 2024 and 2025 Guidance
In Q3 2024, the AI-powered voice solutions provider, in which Nvidia holds a stake, posted strong revenue growth, but its ...
1d
on MSN
SoundHound diversifies its business beyond cars, but the hot AI stock retreats
The voice-based AI company is becoming less concentrated, as its top customer made up a far lower portion of overall revenue ...
1d
SoundHound: Expensive Valuation Amid Cash Burn And Competitive Pressures (Rating Downgrade)
SoundHound's stock has risen approximately 90% since February, influenced by NVIDIA's disclosed investment. Find out why I ...
2d
SoundHound stock ‘remains a high-risk investment’ ahead of Q3 earnings report
SoundHound will report Q3 earnings on November 12th. Ahead of the release, Danil Sereda finds SoundHound stock valuation too ...
1d
SoundHound AI Q3 Earnings: Revenue Beat, EPS Beat, 'Largest Quarter' On Record, 'Incredible' Market Enthusiasm For Conversational AI
Q3 Earnings: SoundHound reported third-quarter revenue of $25.1 million, beating the consensus estimate of $23.02 million.
1d
SoundHound Q3 Earnings: A Busted SPAC Riding AI Hype
SoundHound AI, Inc. went public during the COVID-era de-SPAC boom, and the share price has been on a roller coaster ride over ...
6d
Why SoundHound AI Stock Soared on Thursday
Is SoundHound AI a good investment or just a meme stock? Learn why social media isn't always the best investment guide.
10h
SoundHound AI stock falls 18% despite 89% Q3 revenue jump
The median price target for SoundHound AI is $7 per share, which would be a modest 12% gain. This is a stock that should be on your radar, but wait for the right opportunity to dive in, assuming there ...
11h
SoundHound AI (SOUN): Powers Voice AI for Top Quick-Service Restaurants, Surpassing 100 Million AI Interactions
We recently compiled a list of the 10 AI Headlines Making Waves Today. In this article, we are going to take a look at where ...
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