SoundHound AI (NASDAQ:SOUN) announced on June 10 that it pre-paid $100 million in debt. The move saves the company $55 million in interest, one of many reasons to like SoundHound AI stock.With the debt reduction, SoundHound has $180 million in cash and no outstanding debt. Founder Seth Klarman’s Baupost Group bought 1.1 million shares in the AI voice solutions provider in May. Baupost owns 0.15% of SoundHound. The largest owner is Nvidia (NASDAQ:NVDA), which accounts for 3.06% of the outstanding stock. What ...

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SoundHound AI (NASDAQ:SOUN) stock is getting a boost on Monday after the voice artificial intelligence (AI) solutions company announced the early repayment of its debt!According to SoundHound AI, the company has reached an agreement with its lenders to prepay its remaining debt. That will result in the full repayment of the $100 million that the company owes to lenders.SoundHound AI notes that this allows it to eliminate all of its outstanding debts while also avoiding $55 million in interest and fees. It a ...

SoundHound AI, Inc. (SOUN) is one of the stocks most watched by Zacks.com visitors lately. So, it might be a good idea to review some of the factors that might affect the near-term performance of the stock.Shares of this company have returned +1.9% over the past month versus the Zacks S&P 500 composite's +3.5% change. The Zacks Computers - IT Services industry, to which SoundHound AI belongs, has lost 1.7% over this period. Now the key question is: Where could the stock be headed in the near term?Although m ...

SoundHound AI's stock has been struggling of late, and this could send its shares even lower.It has been a great year for tech stock SoundHound AI (SOUN 3.83%)stock, which more than doubled in price thus far in 2024. But recently, it has been seeing some apprehension from investors. In the past three months, SoundHound's stock has fallen by more than 25%.And this recent dip in price could be just the start of a much larger sell-off. Investors who are bullish on the company's prospects due to Nvidia's backin ...

Could this out-of-favor AI stock be a good turnaround play? SoundHound AI (SOUN 3.83%) has been a tough stock to own over the past two years. The audio and speech recognition company went public by merging with a special purpose acquisition company (SPAC) on April 28, 2022, and its stock opened at $8.72 before soaring to a record high of $14.98 a week later. At the time, investors were impressed by its explosive sales growth, disruptive potential, and broad exposure to the expanding artificial intelligence ...

Looking at the corporate profile for SoundHound AI (NASDAQ:SOUN), it’s difficult not to get excited about the application software enterprise. Specializing in independent voice artificial-intelligence (AI) solutions for multiple industries — including automotive and the Internet of Things (IoT) — SoundHound effectively marries human impulses with technological conveniences. Yet everything has a price and investors should be careful about overpaying for SoundHound AI stock.To be clear, I’m not issuing a bear ...

SoundHound AI, Inc. (SOUN) has recently been on Zacks.com's list of the most searched stocks. Therefore, you might want to consider some of the key factors that could influence the stock's performance in the near future.Over the past month, shares of this company have returned +15%, compared to the Zacks S&P 500 composite's +4.8% change. During this period, the Zacks Computers - IT Services industry, which SoundHound AI falls in, has gained 6%. The key question now is: What could be the stock's future direc ...

SoundHound AI could be a monster winner, but it's a long shot.Many investors seek small-cap stocks with the potential to dominate their niche, as their small size prevents them from being significantly owned by large firms. Additionally, because of their small size, investors will massively benefit if they see significant growth becasue they started from a small starting point.Combine small-cap potential with an explosive industry like artificial intelligence (AI), and you have a recipe for an investment th ...

SoundHound AI recently posted impressive revenue growth, but there is more than meets the eye with this small artificial intelligence (AI) company.Artificial intelligence (AI) is making its way into more services by the day. One area that is witnessing some attention at the moment is the intersection between voice and AI.Smart assistants aren't really that new, though. Apple integrated Siri into its hardware devices more than a decade ago. Moreover, smart-home devices from Amazon and Alphabet's Google have ...