SoundHound AI Stock Soars: The AI Voice Giant Defies Market Gravity
Wall Street's latest infatuation just went supersonic. SoundHound AI shares ripped higher today—leaving skeptics scrambling and bulls high-fiving their algorithmic overlords.
Here's why the market's buzzing:
The voice recognition play caught a massive bid after dropping what analysts called a 'masterclass in AI monetization.' No specifics were given—because when has that ever stopped a good hype cycle?
Short sellers got steamrolled (again). The stock's parabolic move torched bearish bets—proving once more that in this market, fundamentals are optional but FOMO is mandatory.
One hedge fund manager we spoke to muttered: 'It's 2025—if your AI play isn't mooning, you're doing it wrong.' Then he went back to trading NFTs of his dog.
Bottom line: When the machines start buying stocks that make other machines smarter, maybe just enjoy the ride. Until the music stops.
Image source: Getty Images.
SoundHound stock rockets higher on a huge Q2 sales beat
The company reported an adjusted loss of $0.03 per share on sales of $42.7 million in the second quarter. Although it posted a loss in the period, performance came in far better than the market had anticipated.
The average Wall Street analyst estimate had called for an adjusted loss of $0.05 per share on revenue of roughly $32.9 million. Instead, it delivered a huge sales beat in the quarter, and revenue was up roughly 217% year over year.
What's next for SoundHound AI?
On the heels of its strong second-quarter results, SoundHound AI raised its full-year revenue forecast to between $160 million and $178 million. Previously, management had guided for sales between $157 million and $177 million this year.
Hitting the midpoint of management's new guidance range WOULD mean delivering annual sales growth of roughly 99.5%. Company revenue has actually been accelerating significantly recently, and there seems to be a good chance that SoundHound AI can meet or exceed the high range of its updated sales guidance.
