SoundHound AI Stock Sinks 17% Despite Beating Earnings and Revenue Estimates and Raising 2024 and 2025 Guidance
SoundHound AI(SOUN) The Motley Fool·2024-11-14 09:55
In Q3 2024, the AI-powered voice solutions provider, in which Nvidia holds a stake, posted strong revenue growth, but its relatively sizable losses continued.Shares of SoundHound AI (SOUN -17.06%) dropped 17.1% on Wednesday, following the artificial intelligence (AI)-powered voice solutions provider's release on the prior afternoon of its third-quarter 2024 report. The company beat Wall Street's consensus estimates for revenue and earnings, and management increased its revenue outlook for both full-year 202 ...