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0 0 0.00545977011494246 0.00574712643678149 0.0129310344827585 0.00718390804597701 0.00574712643678149 -0.00862068965517254
Stock impact report

Prediction: 2 Stocks That Will Be Worth More Than SoundHound AI 1 Year From Now [Yahoo! Finance]

Innodata Inc. (INOD) 
US:NASDAQ Investor Relations: innodata.com/investors
Company Research Source: Yahoo! Finance
Its stock started trading at $8.72 per share, and it rallied to an all-time high of $24.23 on Dec. 26, 2024, as its market capitalization reached nearly $9 billion. SoundHound initially impressed the bulls with its breakneck growth rates. Its revenue surged 47% in 2022, 47% in 2023, and 85% in 2024. That acceleration was driven by the growing usage of its Houndify platform to develop custom speech recognition tools, as well as its acquisitions of restaurant AI company Synq3, online food ordering platform Allset, and conversational AI company Amelia. Nvidia (NASDAQ: NVDA) also bought more shares of SoundHound in early 2024, pumping up investor optimism. But today, SoundHound's stock trades at about $8. Its stock pulled back as investors fretted over its ongoing losses, cooling organic growth, and growing dependence on acquisitions. Its high valuations also made it an easy target for the bears as the Donald Trump's unpredictable tariffs drove investors toward safe haven plays again. Show less Read more
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