NASDAQ:SOUN - Nasdaq - US8361001071 - Common Stock - Currency: USD
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SoundHound stock fell after the maker of conversational voice AI technology disclosed that it will be late in filing its annual report.
DA Davidson analysts said demand for SoundHound AI’s solutions remains elevated as it expands its business with leading players across the financial, healthcare, energy and other verticals.
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. Revenue more than doubled year-on-year, reflecting continued growth in its AI voice technology business. However, profitability missed due to a $221 million non-recurring charge. Given the recent sharp declines in the stock, expectations were likely low, and the stock traded up.
Mentions: NVDA
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. Revenue more than doubled year-on-year, reflecting continued growth in its AI voice technology business. However, profitability missed due to a $221 million non-recurring charge. Given the recent sharp declines in the stock, expectations were likely low, and the stock traded up.
Mentions: NVDA
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