AICoin AI Spotlight: SoundHound’s Strong Earnings Fail to Shake Investor Skepticism
SoundHound AI's stock dropped nearly 4% in pre-market trading despite posting a 68% YoY revenue surge to $42 million and reducing its adjusted net loss to $0.03 per share. The voice AI leader raised its full-year revenue guidance to $165-$180 million, yet valuation concerns in the AI sector continue to weigh on investor sentiment.
While CEO Keyvan Mohajer emphasized the company's strong positioning, the market reaction underscores the ongoing disconnect between fundamentals and sentiment in high-growth tech stocks. This scenario highlights how even outperforming AI plays can struggle when sector expectations outpace execution timelines.