Shares of SoundHound AI (NASDAQ: SOUN) have been beaten up in the first two months of the year. The provider of voice artificial intelligence (AI) solutions announced a fourth-quarter adjusted loss of $0.
But the same hand that gives can also take away. Last week, Nvidia submitted another regulatory filing that showed it had completely exited its stake in Soundhound AI. Just as investors viewed Nvidia's initial position in Soundhound as a vote of confidence, they saw the sale of all its shares as a vote of no confidence.
SoundHound saw accelerating growth in the latest quarter and touted new voice-based AI deals with fast-food restaurants.
Nvidia stock rises after its largest post-earnings daily percentage since November 2018, Dell falls after issuing mixed guidance, and HP Inc. is laying off 2,000 more employees under a cost-cutting plan.
Finding a low cost AI stock runs a risk akin to the dot com boom and bust, so a deeper look at SoundHound AI and BigBear.ai shows AI company differences.
One thing to remember is how large Nvidia's stake in SoundHound was. Nvidia owned 1.7 million shares, valued at $33.7 million on Dec. 31, 2024 (the last day Nvidia could have sold its shares for ...
Shares of voice AI recognition company SoundHound (NASDAQ:SOUN) jumped 17.2% in the afternoon session after the company reported strong fourth-quarter results, surpassing analysts' revenue expectations.
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Following SoundHound AI ‘s SOUN earnings beat, Benzinga caught up with its founder and CEO, Keyvan Mohajer, to discuss the latest developments and plans for 2025.
SoundHound AI (SOUN), a voice AI software company, will release its Q4 results today. SOUN stock has risen over 54% in the past
SoundHound AI’s (SOUN) stock has plunged 48% year-to-date, after a stellar 2024, which was driven by high demand and Nvidia’s (NVDA) support.
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