Why SoundHound AI Stock Soared Higher Today
Shares of SoundHound AI (NASDAQ: SOUN) have been beaten up in the first two months of the year. The stock broke out last year, but entered today down more than 50% so far in 2025. The provider of voice artificial intelligence (AI) solutions announced a fourth-quarter adjusted loss of $0.05 per share, with sales of $34.5 million.However, the stock is soaring today, as the company beat expectations and management also raised 2025 guidance. At 11:30 a.m. ET, shares were trading slightly off the morning high, up by 15%.One reason SoundHound stock took off last year was word that AI leader Nvidia purchased shares in the fall of 2023. Investors likely wondered if that would lead to a more formal partnership between the companies. But in the latest Securities and Exchange Commission (SEC) filing of its holdings, Nvidia showed it had sold all of its SoundHound stock. That report in February triggered a sell-off in the stock.Continue reading
Shares of SoundHound AI (NASDAQ: SOUN) have been beaten up in the first two months of the year. The stock broke out last year, but entered today down more than 50% so far in 2025. The provider of voice artificial intelligence (AI) solutions announced a fourth-quarter adjusted loss of $0.05 per share, with sales of $34.5 million.
However, the stock is soaring today, as the company beat expectations and management also raised 2025 guidance. At 11:30 a.m. ET, shares were trading slightly off the morning high, up by 15%.
One reason SoundHound stock took off last year was word that AI leader Nvidia purchased shares in the fall of 2023. Investors likely wondered if that would lead to a more formal partnership between the companies. But in the latest Securities and Exchange Commission (SEC) filing of its holdings, Nvidia showed it had sold all of its SoundHound stock. That report in February triggered a sell-off in the stock.
