SoundHound AI Shares Soar on Acquisition and Strong Revenue Growth. Is It Too Late to Buy the Stock?
SoundHound AI(SOUN) The Motley Fool·2024-08-14 16:08
Its acquisition of Amelia could be a game changer. SoundHound AI (SOUN -3.29%) shares were strong last week after the company announced robust secondquarter revenue growth and an important deal. A transformative acquisition While SoundHound reported strong Q2 results, the news was overshadowed by the acquisition the company announced ahead of its earnings release. It will acquire enterprise artificial intelligence (AI) software company Amelia for $80 million in cash and equity, as well as the assumption of ...