Earlier this week, we said, “Over the last few days, many of the top AI names dipped with the broader market, creating strong buy opportunities.”
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Company: SoundHound AI (SYM: SOUN) One of the stocks we mentioned was SoundHound AI (SYM: SOUN) – which traded at $9.33 at the time. Today, it’s up to $10.95 and is just starting to pivot from strong support at around $9 a share. Better, RSI, MACD and Williams’ %R appear to be pivoting well off their lows, too. From here, we’d like to see a gap refill around $14 initially. |
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Helping, its fourth quarter numbers beat estimates. Its EPS loss of five cents beat by three cents. Revenue of $34.54 million, up 101.4% year over year beat by $840,000. The company also ended the year with $200 million in cash with no debt. And it raised its full-year 2025 revenue outlook to a range of $157 million to $177 million, which is up from the prior range of $155 million to $175 million. According to Keyvan Mohajer, CEO and Co-Founder of SoundHound AI: “We had a breakthrough year, expanding our leadership position in voice and conversational AI through major customer wins, expanded partnerships, groundbreaking generative AI innovation, and strategic acquisitions. As we move into the era of Agentic AI, we are uniquely positioned to capitalize on this evolving category. Together with our existing broad portfolio of voice-enabled AI solutions we can deliver even greater commercial impact.” Plus, we have to consider that SOUN now works with about 30% of the world’s quick service restaurants and about 70% of financial institutions. And it’s expanding into automotive sector, healthcare, and even energy. In healthcare, SOUN is partnered with Duke Health, Wellstar Health System, and Englewood Health. Customers include Allina Health, Aveanna Healthcare, and MUSC Health. In retail, SOUN is expanding AI solutions for multi-location retail brands in clothing, fitness, vehicle maintenance, home services, and waste management. With financial companies, SOUN works with BNP Paribas as well regional banks and credit unions such as American Heritage Credit Union, Nordic Bank, Sterling Bank, and Truly Credit Union. SOUN also just partnered with one of the largest electric utilities in the country. In short, use weakness as an opportunity in SOUN. |
