10-Q: Q2 2024 Earnings Report
SoundHound AI Price Target Raised to $6.00/Share From $5.50 by Northland Capital Markets
SoundHound AI Posts Q2 Beat, But Analysts Focus On Amelia Acquisition
What's Going On With SoundHound AI Stock Friday?
Express News | Wedbush Reiterates Outperform on SoundHound AI, Maintains $9 Price Target
SoundHound AI, Inc Class A (SOUN) Receives a Hold From Northland Securities
D.A. Davidson Remains a Buy on SoundHound AI, Inc Class A (SOUN)
Today's Morning Movers and Top Ratings: NVDA, PARA, EXPE and More
Social Buzz: Wallstreetbets Stocks Mostly Advancing Premarket Friday; AST SpaceMobile to Open Higher, Lumen Technologies to Decline
SoundHound AI Analyst Ratings
Cantor Fitzgerald Upgrades SoundHound AI to Overweight From Neutral
SoundHound AI, Inc. Poised for Transformation Following Strategic Acquisition of Amelia: A Buy Recommendation
Express News | SoundHound AI Shares Fall 2.5% Premarket After Q2 Results
Voice technology "unicorn" SoundHound AI (SOUN.US) spent $80 million to acquire Amelia AI.
SoundHound AI announced on Thursday that it will acquire artificial intelligence startup Amelia AI for $80 million in cash and equity.
Palantir, SoundHound AI, Unity Software, The Trade Desk, Tesla: Why These 5 Stocks Are On Investors' Radars Today
Watch These SoundHound AI Stock Price Levels Amid Large News-Related Moves
SoundHound AI, Inc. (SOUN) Q2 2024 Earnings Call Transcript
SoundHound Sees Losses Outstrip Revenue, Though AI Company Beats on the Top Line
Nvidia concept stock SoundHound had a 54% increase in Q2 revenue, but losses widened by 30%. It rose more than 10% after-hours but then cooled down.
Soundhound's second-quarter revenue growth slowed to 54% year-on-year, still better than expected. EBITDA losses expanded by 30%, far exceeding expectations and ten times that of the first quarter. Due to the acquisition of AI software company Amelia AI, Soundhound has increased its revenue guidance by up to 23% this year, and is expected to turn losses into profits in the second half of next year after merging with Amelia AI.
S&P rises over 2%, the best in nearly two years, with chip stocks up about 7%, Nasdaq and Chinese stocks up 2.8%, and US Treasury yields and the yen falling for three consecutive days.
The latest employment data alleviates concerns over the US economy, and US stocks rose more than 1.7%. Nvidia's stock rose more than 6%, and Tesla, Alibaba, PDD Holdings, and Tencent ADR rose more than 3%. Bullish on weight loss drug reports, Eli Lilly and Co's stock rose more than 13%, and Novo-Nordisk A/S's US stock rose nearly 8%. The 10-year US Treasury yield rose above 4%, and short-term bond yields rose by 10 basis points. Oil prices rose for the third consecutive day, gold halted its five-day decline, and digital currency had a big increase.