Nvidia Gobbled Up Shares of This Artificial Intelligence (AI) Company. Is It Too Late to Buy? [Yahoo! Finance]
SoundHound AI, Inc. (SOUN)
Company Research
Source: Yahoo! Finance
SoundHound AI (NASDAQ: SOUN) last February, shares of the small-cap stock rocketed up well over 50% in a day. Even if some were hearing about it for the first time, SoundHound is far from a new company. It has been around since the mid-2000s when it was introduced as a music detection app, rivaling Shazam. It has more recently pivoted and is now a leader in AI-powered voice recognition. The stock more than tripled to its peak in March and has since cooled after the company posted somewhat disappointing numbers. Its Q4 2023 revenue of $17.2 million missed estimates of $17.8 million, while it recorded a net loss per share of $0.07 versus the expected $0.06. Despite the somewhat disappointing Q4, the company looks back on track after revealing its Q1 2024 numbers. Still, the stock is down 50% from its peak in March, so is now the time to jump in? Let's take a look at what the company has going for it and some of the challenges ahead. Relationships are key and SoundHound has some
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SOUN
News
- Here's How the Fed's Big Rate Cut Could Affect These 2 Artificial Intelligence (AI) Stocks [Yahoo! Finance]Yahoo! Finance
- 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
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