Here's How the Fed's Big Rate Cut Could Affect These 2 Artificial Intelligence (AI) Stocks [Yahoo! Finance]
SoundHound AI, Inc. (SOUN)
Company Research
Source: Yahoo! Finance
It expects to continue cutting the rate this year and in 2025. This has major implications for the economy and stocks. Lower rates give companies easier access to capital and generally increase the value of stocks. When Wall Street values companies' future earnings (called discounted cash flow analysis ), lower rates increase valuations. All of this has implications for artificial intelligence (AI) companies. Here are a few examples. Is SoundHound AI a buy now? It's hard to overstate the positive effect that low rates can have on small, cash-strapped companies like SoundHound AI (NASDAQ: SOUN) . SoundHound financed its recent growth primarily by issuing stock, which dilutes existing shareholders. As shown below, the share count exploded during the past couple of years. The conversion and sale of shares allowed SoundHound to build a war chest of $200 million as of the second quarter; however, as you can see below, the company burns a lot of cash from operations. The cash burn
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SOUN
News
- SoundHound AI, Inc. (SOUN) Laps the Stock Market: Here's Why [Yahoo! Finance]Yahoo! Finance
- SoundHound AI, Inc. (NASDAQ: SOUN) had its "outperform" rating re-affirmed by analysts at Wedbush. They now have a $9.00 price target on the stock.MarketBeat
- Is SoundHound AI Inc. (SOUN) the Worst AI Stock to Buy? [Yahoo! Finance]Yahoo! Finance
- Forget Nvidia: Here Is My Top Artificial Intelligence (AI) Stock to Buy Instead [Yahoo! Finance]Yahoo! Finance
- SoundHound AI Inc (SOUN)'s AI Revolution: Why Are Short Sellers Betting Against This Innovator? [Yahoo! Finance]Yahoo! Finance
SOUN
Earnings
- 8/8/24 - Beat
SOUN
Sec Filings
- 9/24/24 - Form 4
- 9/24/24 - Form 4
- 9/24/24 - Form 4
- SOUN's page on the SEC website