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Stock impact report

Jim Cramer Says “No” to SoundHound as It “Doesn't Make Any Money” [Yahoo! Finance]

SoundHound AI, Inc. - Class A (SOUN) 
Company Research Source: Yahoo! Finance
“No, see, SoundHound doesn't make any money. It's one of those year of magical investing stocks, and that year is over.” Photo by Tima Miroshnichenko on Pexels SoundHound AI, Inc. (NASDAQ:SOUN) develops voice AI technologies that enable businesses to create conversational and intelligent voice experiences. Cramer called the stock a “pure spec” when a caller asked about it during the October 31 episode. He remarked: “Alright, now, it's a pure spec. I like the fact that it's come back down from its high, but you need to know it does not make money. It's gotta make money before I can get seriously behind it.” In addition, when a caller asked about the stock during the October 8 episode, Cramer replied: “Yeah, you see, SoundHound is a company that got, what happened is it got NVIDIA's endorsement, and ever since then it's been on fire. I say this, I say, it's up a great deal. It's not making money. I would take a little bit off tomorrow and then let the rest run.” While we ac Show less Read more
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