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SoundHound AI Stock Tumbles
Why SoundHound AI Stock Is Down Today
Shares of SoundHound AI (NASDAQ: SOUN) traded much lower on Wednesday, following a robust third-quarter earnings report. Your average Wall Street analyst firm had expected SoundHound AI to report a net loss of $0.
SoundHound AI Stock Tumbles as Margins Drop
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 . The Nvidia ( NVDA )-backed company’s third-quarter GAAP gross margin sank 24.3 percentage points to 48.6%, and non-GAAP gross margin tumbled 14.0 percentage points to 59.7%.
Why Is SoundHound AI Stock Plummeting After Earnings?
In this video, I will cover SoundHound AI 's (NASDAQ: SOUN) third-quarter earnings report. Watch the short video to learn more, consider subscribing, and click the special offer link below. *Stock prices used were from the trading day of Nov.
16h
on MSN
SoundHound Shares Sink Despite Surging Revenue. Is It Time to Buy the Stock on a Dip?
Shares of SoundHound AI (NASDAQ: SOUN) sank following the release of its third-quarter results, despite the voice artificial ...
4d
on MSN
SoundHound Stock Drops. Why the Nvidia-Backed AI Company Disappointed the Market.
SoundHound AI shares dropped after a steep really in recent days. Nvidia revealed that it had invested in the company earlier ...
9d
SoundHound AI: Don't Risk Too Much Before Q3 Release
SoundHound AI stock shows strong recent gains but faces ongoing fundamental issues, making it a high-risk investment with ...
4d
SoundHound AI Stock Sinks 17% Despite Beating Earnings and Revenue Estimates and Raising 2024 and 2025 Guidance
In Q3 2024, the AI-powered voice solutions provider, in which Nvidia holds a stake, posted strong revenue growth, but its ...
6d
SoundHound stock ‘remains a high-risk investment’ ahead of Q3 earnings report
SoundHound will report Q3 earnings on November 12th. Ahead of the release, Danil Sereda finds SoundHound stock valuation too ...
Finbold | Finance in Bold
4d
AI predicts SoundHound (SOUN) stock price for year-end
Considering SoundHound’s recent developments and partnerships, AI models projects a price target of $9 by the end of 2024.
1d
on MSN
This Magnificent Artificial Intelligence (AI) Stock Has Crushed Nvidia in the Past Year. Can It Continue to Skyrocket in 2025?
Nvidia has been in magnificent form on the stock market in the past year, recording stunning gains of almost 207% as of this ...
12d
SoundHound stock price analysis: Is SOUN a good AI investment?
SoundHound (SOUN) stock price has moved sideways in the past few months as the momentum it had a few months ago has faded. It ...
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