SoundHound AI (SOUN) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.
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Should You Buy SoundHound Stock Right Now?
Is it time to buy SoundHound AI? Explore the social media hype and real business strengths behind the rise.
In Q3 2024, the AI-powered voice solutions provider, in which Nvidia holds a stake, posted strong revenue growth, but its relatively sizable losses continued.
SoundHound AI (SOUN) shares plunged 16% Wednesday, a day after the provider of artificial intelligence (AI) voice technology software reported a big drop in gross margin.
SoundHound AI third-quarter 2024 results reflect strong demand for AI solutions, expanding customer base across key industries.
SoundHound AI's reported growth is misleading; pro forma revenues actually declined 10% in Q3, revealing underlying business weaknesses. The Amelia acquisition contributed far more to revenue targets than originally suggested. Despite beating EPS estimates, SoundHound AI's adjusted EBITDA loss doubled, and the share count surged, inflating the market cap to nearly $3 billion.
SoundHound AI Is Plummeting Today -- Is It Time to Buy the Stock?
SoundHound AI stock investors are concerned about the massive dive in margins.