SoundHound AI (NASDAQ: SOUN) stock is seeing dramatic sell-offs in this week's trading. The company's share price is down 27.2% from last Friday's market close, according to data from S&P Global Market Intelligence.
SoundHound AI (NASDAQ: SOUN) stock posted a month of explosive gains across December's trading. The conversational artificial intelligence (AI) company's share price closed out last month up 113.1%, according to data from S&P Global Market Intelligence.
In SoundHound AI's conference call, management made the bold projection that its revenue would double in 2025. Additionally, it expects to reach EBITDA profitability by the end of 2025, which is a key milestone in achieving net income profitability. These projections ignited a massive run-up in SoundHound AI's stock, but is it still worth buying?
The company's share price was down 14.4% at 11:15 a.m. ET amid a 0.1% decline for the S&P 500 index and a 0.3% pullback for the Nasdaq Composite index. The conversational artificial intelligence (AI) specialist's share price had been down as much as 17% earlier in the day's trading.
SoundHound's growth is stunted amid competition and losses. Learn why SOUN stock may drop as AI-driven hype fades and fundamentals prevail.
There may not be a hotter stock heading into 2025 than SoundHound AI ( SOUN 2.28%). SoundHound AI rose 836% in 2024, making it one of the best-performing stocks in the market. Just a few weeks ago, it was up over 1,000%, but a pullback to end the year took away some of those gains.
While the business is growing, SoundHound AI has a low revenue volume and no profits. Read why I have downgraded SOUN stock to a Sell.
Its stock came public in 2022, but it flew under the radar until February 2024, which is when Nvidia (NASDAQ: NVDA) revealed that it had acquired a small stake in the company. Giants such as Mercedes-Benz,
SoundHound AI, Inc. (Nasdaq: SOUN), a global leader in voice artificial intelligence, today unveiled the first ever in-vehicle voice commerce platform with a demo at CES 2025. The platform, which allows drivers and passengers to order takeout for pick-up directly from the car’s infotainment system,
Investors and traders looking for an opportunity to “Buy the Dip” on SoundHound shares should maintain a close watch on the $15 price. This price represents the next “psychological” trade level for the stock, followed by $12.5 which is where SoundHound’s bullish 50-day moving average resides.
SoundHound AI, a maker of conversational AI voice technology, on Tuesday unveiled the first-ever in-vehicle voice commerce platform at the CES 2025 tech trade show. The SoundHound platform will allow drivers and passengers to order takeout for pick-up directly from the car's infotainment system just by speaking.
Although Nvidia invested a mere $3.7 million in voice-AI start-up SoundHound AI (NASDAQ: SOUN) about a year ago, that investment put SoundHound squarely on the map as a potential AI winner. After making several accretive acquisitions and racking up an impressive customer list,