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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 (NASDAQ: SOUN) stock is losing ground today following the company's third-quarter earnings report Tuesday evening. The company's share price was down 18.7% as of 12:15 p.m. ET. SoundHound AI published third-quarter results after the market closed yesterday,
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.
1h
SoundHound AI Stock Rebounds On Price-Target Hike
SoundHound AI stock continued its roller-coaster ride on Thursday. SOUN stock bounded higher after getting a price-target ...
6h
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 ...
3h
SoundHound AI, Inc.: Strong Revenue Performance and Positive Outlook Drive Buy Rating
Scott Buck, an analyst from H.C. Wainwright, reiterated the Buy rating on SoundHound AI, Inc Class A (SOUN – Research Report). The ...
16h
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 ...
3h
SoundHound AI Delivers "Hey Kia" Voice AI Experience To India As Part of Kia Connect
SoundHound AI, Inc. (Nasdaq: SOUN), a global leader in voice artificial intelligence, today announced the expansion of 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 ...
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.
14h
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 ...
1d
SoundHound AI Announces Record Revenue and Expands Outlook
SoundHound AI, Inc Class A ( (SOUN) ) has released its Q3 earnings. Here is a breakdown of the information SoundHound AI, Inc Class A presented ...
Yahoo
19h
SoundHound AI (SOUN): Surpassing Q3 Expectations, Expanding into New Verticals with Strategic AI Growth
We recently compiled a list of the 15
AI
News
That Broke The Internet. In this article, we are going to take a look at ...
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