To The Moon

Shares of SoundHound AI Inc. soared 15.63% in the pre-market trading session on Wednesday, December 18, 2024, as investors flocked to the AI company amid growing optimism about its prospects in the booming artificial intelligence industry.The surge in SoundHound's stock price came on the heels of bullish analyst commentary, with Wedbush raising its price target on the stock to $22 from $10. In a note, Wedbush analyst Dan Ives cited SoundHound's "demand mojo" and "solid AI driven momentum" as ke

SoundHound AI Inc stock plummeted 5.17% in the pre-market session on Wednesday, underperforming the broader market. The decline comes as analysts express concerns over the company's lack of profitability and high valuation despite strong revenue growth.According to the company's latest earnings report, SoundHound AI's third-quarter revenue surged 89% year-over-year to $25.1 million, driven by growing demand for its voice AI solutions. However, the company's operating losses also spiked 132% to

The hedge fund exchanged one highflier for another.