SoundHound AI reports Q3 revenue up 89%, but its stock price drops despite a positive outlook.

SoundHound AI reported a strong Q3 with revenue up 89% to $25.1 million, though it still posted a loss. The company's revenue outlook for 2024 and 2025 was raised, and its stock is up 200% this year. Despite this growth, SoundHound's stock price fell recently, making it a potentially appealing speculative investment. The company has expanded into various industries through acquisitions and deals.

November 17, 2024
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