Friday, April 12, 2024
HomeAi in FinanceSoundHound AI's shares drop after missing Q4 expectations

SoundHound AI’s shares drop after missing Q4 expectations

SoundHound AI Stock Slides Amid Earnings Miss

SoundHound AI (SOUN) stock experienced a decline in its value following an earnings miss. The company reported $17.1 million in revenue, falling short of expectations. Additionally, the losses per share were slightly wider than anticipated, coming in at $0.07.

Nvidia (NVDA) recently acquired a stake in SoundHound AI, adding another layer of complexity to the stock’s performance.

Yahoo Finance Analysis

Yahoo Finance delves into SoundHound AI’s stock performance amidst the current trends in the artificial intelligence sector. The market reaction to the earnings report and Nvidia’s involvement sheds light on the company’s position within the industry.

Expert Insights

For more expert analysis and the latest market developments, tune in to the full episode of Yahoo Finance Live here.

Editor’s note: This article was written by Luke Carberry Mogan.

Leah Sirama
Leah Sirama
Leah Sirama, a lifelong enthusiast of Artificial Intelligence, has been exploring technology and the digital realm since childhood. Known for his creative thinking, he's dedicated to improving AI experiences for all, making him a respected figure in the field. His passion, curiosity, and creativity drive advancements in the AI world.
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