After rocketing more than 40% at its high this week, SoundHound AI (SOUN -9.60%) stock gave back much of those gains. But shares were still higher by about 10.3% for the week, as of late Thursday, according to data provided by S&P Global Market Intelligence.
SoundHound AI (SOUN -7.17%) stock is seeing big sell-offs in Thursday's trading. The company's share price was down 12.3% as of 11:30 a.m.
Over just a couple of years, Nvidia (NVDA 2.11%) has become one of the most profitable investments in recent memory. Even after the company surpassed a $1 trillion market cap, its valuation continued to double, and then nearly double again.
SoundHound AI (SOUN 10.29%) stock is making big gains in Wednesday's trading. The conversational artificial intelligence (AI) specialist's share price was up 22.9% as of 2 p.m.
Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do they really matter?
The voice AI company is growing revenue, but profits are several years away.
AI stocks across all sectors have been seeing a meteoric rise over the past two years, but even with that rise, it's pretty rare to see triple-digit rallies in just one month.
SoundHound AI Inc SOUN stock skyrocketed 713% this year and 173% this month.
I've written a lot about SoundHound AI (SOUN 23.70%) this year. In early 2024, the company secured a multimillion-dollar investment from Nvidia, the largest supplier of artificial intelligence (AI) graphics processing units (GPUs) on the planet.
SoundHound AI (SOUN 23.70%) is successfully tapping into the growing artificial intelligence (AI) market with its conversational AI platform. The company's tech allows companies to offer services that range from voice-enabled ordering at Chipotle to in-vehicle voice commands for Stellantis' car brands.
[00:00:00] Douglas McIntyre: Okay.
Over the last five years, Nvidia stock is up a staggering 2,500%. That means a $10,000 investment in Nvidia stock made five years ago would now be worth nearly $260,000.