$SoundHound AI Inc(SOUN)$ shares are taking a hit after the voice-based artificial intelligence company posted first-quarter financial results that topped Street estimates, but provided guidance that may not have been quite as impressive as bulls on the stock would have liked.
SoundHound shares have been on a wild journey. Founded in 2005 by a group of former Stanford graduate students led by current CEO Keyvan Mohajer, SoundHound didn’t reach the public market until an April 2022 merger with a special purpose acquisition company called Archimedes Tech SPAC Partners. Like other companies that have gone public that way, the deal priced the company at about $10 a share.
source:barrons
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