SoundHound AI Stock News

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SoundHound AI stock continued its roller-coaster ride on Thursday. SOUN stock bounded higher after getting a price-target hike from a Wall Street analyst.

SANTA CLARA, Calif.--(BUSINESS WIRE)---- $SOUN #AutoTech--SoundHound AI, Inc. (Nasdaq: SOUN), a global leader in voice artificial intelligence, today announced the expansion of its advanced voice AI technology to Kia vehicles in India, with the integration of Hindi as a featured language. Recently launched for the 2025 Kia Carnival and 2025 Kia EV9, SoundHound's technology offers drivers a seam...

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'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.