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SoundHound AI, Inc.

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SoundHound AI reports record revenue growth in Q2SoundHound AI Inc. has demonstrated a significant uptick in its financial performance with a strong Q2 earnings report , a testament to its economic stability. Sounhound AI not only posted record revenue, but also maintained a robust cash reserve, signalling healthy operational stamina and potential for further growth. This performance is underpinned by the promising prospects of expanding applications for its voice technology software. In the last quarter, SoundHound AI's revenue surged 54% year-over-year to 13.5 million USD, while its GAAP gross margin stood at 63%. The company's total subscriptions and order book roughly doubled from the previous year. Despite these gains, SoundHound reported a net loss of 37.3 USD million or 0.11 USD per share. SoundHound's recent acquisition of Amélia, a firm specialising in conversational AI technologies, also positions it to venture into new sectors such as finance, insurance, and healthcare, promising further diversification and revenue streams. Technical analysis of SoundHound AI Inc. (NASDAQ: SOUN) Exploring potential trading opportunities based on the current technical landscape of SoundHound AI's stock: Timeframe : Daily (D1) Current trend : the stock shows a sideways channel formation with an emerging uptrend Resistance level : 5.30 USD Support level : 3.95 USD Potential downtrend target : should a downtrend take hold, the downside target could be at 2.40 USD Short-term target : if the uptrend gains momentum and the stock breaks through the resistance at 5.30 USD, a short-term target could be 6.45 USD Medium-term target : with sustained positive movement, the stock price might target 7.95 USD A strategic acquisition and the potential to enter new markets could significantly impact SoundHound AI's stock performance and valuation. Investors should monitor SoundHound AI closely, especially considering its proven ability to leverage its technological innovations in conversational AI across various industries. — Ideas and other content presented on this page should not be considered as guidance for trading or an investment advice. RoboMarkets bears no responsibility for trading results based on trading opinions described in these analytical reviews. The material presented and the information contained herein is for information purposes only and in no way should be considered as the provision of investment advice for the purposes of Investment Firms Law L. 87(I)/2017 of the Republic of Cyprus or any other form of personal advice or recommendation, which relates to certain types of transactions with certain types of financial instruments. Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 65.68% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
NASDAQ:SOUN
by RoboMarkets
SoundHound AI Surges 19% Following the Acquisition of AmeliaIn a strategic move set to redefine the landscape of conversational AI, SoundHound AI, Inc. (NASDAQ: NASDAQ:SOUN ) has acquired Amelia, a leading enterprise AI software company. This acquisition marks a significant milestone in SoundHound's journey, propelling the company to the forefront of voice and conversational AI, and causing its stock to surge by 19%. A Powerful Alliance in Conversational AI SoundHound AI (NASDAQ: NASDAQ:SOUN ), known globally for its cutting-edge voice artificial intelligence, is poised to leverage Amelia's strong legacy in enterprise AI. Amelia’s deep-rooted presence in customer service, especially within multinational corporations across finance, insurance, retail, and healthcare, complements SoundHound’s extensive portfolio. This merger is more than just a business transaction; it represents the union of two AI pioneers committed to revolutionizing customer service through AI-fueled conversations. The synergy between SoundHound AI and Amelia is expected to produce a powerhouse in the conversational AI domain, offering scalable and best-in-class customer service solutions to a vast array of industries. This collaboration not only enhances SoundHound AI’s existing customer service capabilities but also opens doors to new, sizable verticals such as healthcare, financial services, insurance, and retail. Expanding Horizons: Vertical Integration and Market Reach The combined expertise of SoundHound AI and Amelia positions the newly unified company at the center of a rapidly growing market. With an addressable market that now spans nearly 200 marquee customers, including top global banks and Fortune 500 organizations, SoundHound AI is set to become a dominant player in conversational AI. The acquisition introduces a diversified customer base, with no single customer accounting for more than 10% of total combined revenue. This diversification, coupled with the introduction of new industries, significantly increases SoundHound AI's market reach and potential for growth. Unlocking New Revenue Streams The acquisition also unlocks substantial revenue and cost synergies. SoundHound AI’s proprietary technology and cloud migration strategy are expected to create cost savings, while the combined company’s extensive customer base presents cross-selling and up-selling opportunities. The expansion into voice commerce, particularly in areas like food ordering, ticket purchasing, and appointment scheduling, further enhances the company’s monetization potential. Financial Impact and Future Growth The $80 million acquisition, paid in a combination of cash and equity, is anticipated to be accretive to SoundHound AI’s earnings in the second half of 2025. With Amelia contributing over $45 million in recurring AI software revenue, the combined revenue in 2025 is expected to exceed $150 million. This financial strength, bolstered by $160 million in cash and $39 million in debt at closing, positions SoundHound AI for sustained growth and profitability in the years to come. A Visionary Leap Toward a Voice Commerce Ecosystem This acquisition aligns with SoundHound AI’s ambitious vision of creating a comprehensive voice commerce ecosystem. Following its recent acquisition of food ordering marketplace Allset, SoundHound AI is now accelerating its plans to bring voice transactions to millions of devices worldwide. Amelia’s integration into this vision introduces new industries such as healthcare, financial services, and retail, expanding the scope of what’s possible in voice commerce. Conclusion: A New Era for SoundHound AI With the acquisition of Amelia, SoundHound AI (NASDAQ: NASDAQ:SOUN ) is not just expanding its footprint in conversational AI; it is positioning itself as a leader in the next generation of customer service and voice commerce. As enterprise spending on generative AI continues to gather momentum, SoundHound AI is poised to capitalize on this trend, driving growth, innovation, and shareholder value in the process.
NASDAQ:SOUNLong
by DEXWireNews
2
SoundHound Stock Surges 9% on Demand for AI Tools SoundHound ( NASDAQ:SOUN ) AI shares surged over 14% in late trading on Thursday after the company surpassed analysts' first-quarter revenue estimates and raised its full-year sales outlook amid growing demand for artificial intelligence (AI) speech recognition software. The Silicon Valley-based tech company reported revenue of $11.6 million for the three-month period ending March 31, up 73% from the prior year's corresponding quarter and comfortably ahead of the $10.1 million expected by analysts. However, the company posted an net loss of $33 million, or 12 cents a share, wider than the 9 cents per share loss consensus view. Looking ahead, the company bumped up the lower end of its full-year revenue guidance and now expects the top line to range between $65 million to $77 million, up from its prior forecast of $63 million to $77 million. Wall Street had modeled annual net sales tallying $69.5 million. CEO Keyvan Mohajer said in the company's earnings statement that "Our first quarter sets the tone for 2024 as another year of strong growth for SoundHound ( NASDAQ:SOUN )." The company already has a number of partnerships across restaurants and automobile sectors for its voice AI assistant tools. Although SoundHound ( NASDAQ:SOUN ) has a market capitalization of just $1.52 billion, it appeared on investors' radar this year after a regulatory filing revealed that AI chipmaker Nvidia (NVDA) had taken a stake in the company, holding 1.73 million shares as of the end of 2023. Technical Outlook SoundHound ( NASDAQ:SOUN ) stock is up 9% in Friday's Market trading as of the time of writing with a Relative Strength Index (RSI) of 56 which is prime for further gains in the near term. The stock's daily price charts show a "Cup or U-shaped pattern" in the long term.
NASDAQ:SOUNLong
by DEXWireNews
Should you buy SoundHound before earnings?Is SoundHound (SOUN) a buy now? SoundHound is reporting Q1 results of the year 2024 on May 9, but is the stock worth it? Since it became public that NVIDIA has had holdings in the AI voice company SoundHound, the price of the stock rallied as high as $10.4. However, the price did not hold at that level although it was after the company's negative results in the fourth quarter of 2024. The stock has been moving along with the market, following the overall trend of the AI & Semiconductor industry which has been in underperformance following unfavorable news from ASML, ARM, INTC, SMCI, and AMD. Texas Instruments did well but the company would not influence the market. Currently, a number of analysts set a one-year price target for SOUN stock as $7.15 with a min estimate of $4.9 and a max estimate of $9.5. Currently, the price is below the lower band estimate, closing yesterday's session at $4.24. 4 Wall Street analysts strongly recommend buying SoundHound, while 2 suggest holding it. These analyst recommendations are important for most investors to make the next move. YTD, SoundHound received 4 maintenance, 1 downgrade, and most recently one upgrade on April 11. The current technicals surrounding SOUN indicate that the stock is oversold. In terms of the stock valuation, the software & programming industry has the following stats: - Price to Sales of 9.56, SoundHound comes at 25.62 - Price to Book of 10.01, SoundHound achieves 84.08 While the price to sales is a strong indication of how much sales investors expect their dollar investment to generate and it's quite favorable for SoundHound, the P/B ratio is paramount as well, which's very unfavorable in SOUN situation. Apart from valuation and technicals, SoundHound is predicted to report EPS of $-0.092 in the current quarter. This raises questions about the company's profitability, although this figure represents 28% decrease from last quarter's earnings. The audience will be watching if the company will be able to break even and perhaps turn profitable in the next few years. Nevertheless, a better-than-expected EPS figure will most likely boost investor's confidence in the stock as it will be a sign that the company is moving in the right direction. Another important metric will be the company's segmental revenue. SoundHound now has 4 revenue segments, with the licensing revenue represents the largest segment. Hosted Services and Professional Services are in the middle range, while Monetization comes last with a decrement of approximately 25% YoY. Eyes will be on this metric because it represents a vulnerability in the company's revenue. Overall, The stock may progress in the coming days as its next earnings date was announced May 9, which's a day after ARM reports its Q1 earnings with potential bulls in the general market. The graph below demonstrates SOUN, SP500, & Technology sector YTD. We can see the spike in SOUN in February & Mid-March when the stock jumped from $1.95 hitting $4.0.
NASDAQ:SOUNLong
by ali_haideredrees
SOUN Analysis: Support Zone Rebound Potential with RSI UptrendTicker: SOUN (SoundHound AI, Inc.) Current Price: $4.04 Analysis: Support Zone and Historical Context: SOUN is currently within a potential support zone, outlined by a purple rectangle from $3.75 to $4.35. This zone has been historically significant, previously acting as both support and resistance levels. Notably, a breakout from this zone led to a high of $10.25 before retracing back to $3.75, followed by the recent rebound to $4.04. Technical Indicators: - 200 SMA (Magenta Line): The price is nearing the 200-day Simple Moving Average on the 4hr chart, adding to the zone's importance. - RSI Trend (Grey Line): RSI stands at 36.46, showing an upward trend and indicating growing buying pressure. Analysis and Strategy: SOUN's rebound from the $3.75 level and the rising RSI suggest potential for a support zone rebound. Traders might consider watching for confirmation signals, especially near the 4hr 200 SMA, for possible bullish opportunities. A break above the upper boundary of the support zone, around $4.35, could signal a bullish continuation, targeting higher levels. Conclusion: SOUN's technical setup points to a support zone rebound potential, with RSI strength supporting the bullish outlook. Traders are advised to monitor price action, particularly around the support zone's upper boundary, for potential entry opportunities aligned with the ongoing uptrend in RSI.
NASDAQ:SOUNLong
by maybethatguy
3
SOUN Analysis: Emerging Bullish Signals at Key SupportTicker: SOUN (SoundHound AI, Inc.) Current Price: $4.39 Technical Analysis: - RSI Observation: The RSI (grey line on custom indicator) is currently at 32.79 on the 4-hour chart, approaching oversold territory. This aligns with the increase in the 1-hour RSI from 25.50 to 34.44, suggesting a building momentum for a potential reversal. Support and Resistance Zones: - Support Zone (Purple Rectangle): Currently being tested, this potential support zone ranges from $4.00 to $4.35. Previously, this range acted as a strong resistance area multiple times. While it has not yet been confirmed as a stable support level, its historical significance suggests a possible base for upward movement. Analysis and Strategy: Although there hasn't been a confirmed stabilization above the newly formed support zone, the combination of the RSI nearing oversold conditions and the price interacting with a historically significant level presents a bullish scenario. The declining ADX indicates a loss of downward momentum, further hinting at a possible weakening of the bearish trend. Traders should closely monitor this zone for signs of bullish reversal. Considering entering positions if we see signs of support solidification within this range, with potential upward moves possibly reaching new resistance levels or retracing past higher price points. Conclusion: While SOUN is yet to establish firm stability above the support zone, the technical indicators suggest a weakening bearish trend and potential for bullish reversal. Investors and traders should watch for positive changes in price action around the current levels to potentially capitalize on early signs of a trend reversal.
NASDAQ:SOUNLong
by maybethatguy
SOUN a small cap AI stock ready for a VWAP reversal LONGSOUN on the 15 minute chart as fallen again to the anchored mean VWAP. Each previous time this has occurred in the past month, price has bounced into the second or third upper VWAP band line for a bullish momentum move. The mean VWAP is where big players like to pick up and drop off shares. Liquidity is at the highest. Teh Relative Trend Indicator will show best entries where the trend is negative but the returns to the chop zone to climb out of it and go positive. This indicator can function with alerts and notifications. SOUN uses AI and voice control of it to make apps more user friendly and potent. A similiar stock is DuoLingo ( DUOL) which also adds language translation into the functionality. Those on a budget in their trading love the price. Those not on a budget make love the volatility and the quick profits it can bring if traded properly.
NASDAQ:SOUNLong
by AwesomeAvani
1
SOUN breaks above falling wedge LONGSOUN has been falling since March 21st and in the past week in a falling wedge pattern. It broke out above the wedge early in the 4/4 session and I opened my long trade position soon after in three separate pieces. I have set targets based on pivots or consolidation levels on the trend down including a standard Fibonacci retracement. The trend up will be slow perhaps due to the general technology market recovery of the correction made for the ambiguities of the rate cut. I am projecting a trade profit of 30-40 %.
NASDAQ:SOUNLong
by AwesomeAvani
15
SoundHound AI: A Rising Star in the AI IndustryNGM:SOUND is making a bounce on a major support level at $5. This is showing strength for the buyers and further upside to be made. Entering a swing position and targeting $15. Some more details on SOUNDHOUND AI: SoundHound AI's technologies have attracted the attention and investment of major players in the tech industry. For example, Nvidia disclosed that it held roughly $3.7 million in SoundHound AI stock at the end of last year's fourth quarter. This kind of investment and partnership with a leading AI company like Nvidia is a strong vote of confidence in SoundHound AI's future. Market Opportunity: The AI market is rapidly growing, with significant potential for companies like SoundHound AI that provide advanced voice recognition and conversational AI solutions. As the demand for AI-powered solutions continues to rise across various industries, SoundHound AI is well-positioned to capitalize on this trend and grow its market share. #LionsDenTrades
NASDAQ:SOUNLong
by EgideSimba
5