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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%.
SoundHound AI Is Plummeting Today -- Is It Time to Buy the Stock?
SoundHound AI's Q3 report arrived with better-than-expected sales and earnings numbers. The company also raised its full-year sales targets for 2024 and 2025. Big sell-offs despite otherwise encouraging data in the Q3 report highlight the stock's propensity for volatility.
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.
Yahoo
6h
SoundHound AI Stock Sinks 17% Despite Beating Earnings and Revenue Estimates and Raising 2024 and 2025 Guidance
As background,
SoundHound
AI
shares surged (as you'll see in the below
stock
chart) following
AI
chip leader Nvidia's ...
15h
on MSN
SoundHound Stock Drops. Why the Nvidia-Backed AI Company Disappointed the Market.
SoundHound AI stock was falling early on Wednesday following its earnings. The issue looks like one of high expectations, ...
Hosted on MSN
13h
Why SoundHound AI Stock Plummeted After Reporting Its Largest Quarter Ever
In today's video, I discuss recent updates impacting
SoundHound
AI
(NASDAQ: SOUN). To learn more, check out the short ...
FXStreet
1h
SoundHound AI stock falls 18% despite 89% Q3 revenue jump
SoundHound
AI
(NASDAQ: SOUN) has been one of the top performers this year, with shares up about 190% year-to-date. But on Wednesday, the
stock
price fell about 18% to around $6.20 per share, ...
1d
on MSN
SoundHound diversifies its business beyond cars, but the hot AI stock retreats
The voice-based AI company is becoming less concentrated, as its top customer made up a far lower portion of overall revenue ...
Finbold | Finance in Bold
14h
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.
6d
Why SoundHound AI Stock Soared on Thursday
Is SoundHound AI a good investment or just a meme stock? Learn why social media isn't always the best investment guide.
15h
SoundHound AI plunges despite reporting record quarterly revenue
SoundHound AI plunged approximately 15% during early market action on Wednesday despite posting a record third quarter 2024.
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