In the artificial intelligence (AI) sector, we have Nvidia (NVDA) earnings due out next week, and an update from OpenAI, as its official "blueprint for U.S. AI infrastructure" will be presented in Washington D.C.
SoundHound AI stock fell Wednesday even though the artificial intelligence voice technology firm delivered a beat-and-raise third-quarter report. The post SoundHound Stock In Doghouse Despite Positive Q3 Report appeared first on Investor's Business Daily.
SoundHound AI Inc. (NASDAQ: SOUN) has emerged as a powerhouse in the AI sector, outpacing the broader market with a remarkable year-to-date gain of 263%, leaving the S&P 500's 25.8% growth far behind.
SoundHound's stock has risen approximately 90% since February, influenced by NVIDIA's disclosed investment. In Q3 2024, SoundHound reported an 89% year-over-year revenue increase to $25.1 million. The gross margin declined to 48.6% from 72.9% due to the impact on the mix from recent acquisitions.
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