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Stock impact report

SoundHound AI (SOUN) Stock Down After Jim Cramer Said It Was “a Little Elevated” [Yahoo! Finance]

SoundHound AI, Inc. (SOUN) 
Company Research Source: Yahoo! Finance
SoundHound AI, Inc. (NASDAQ:SOUN) is a physical AI company that operates in the sector by providing conversational voice technology used in products such as cars and kiosks. Its shares are down by 31% over the past year and by 61% since Cramer discussed them on Mad Money. However, during this period, SoundHound AI, Inc. (NASDAQ:SOUN)'s stock has also experienced its fair share of highs. For instance, it closed a whopping 26% higher on August 8th after the firm reported its second-quarter earnings report. The results saw SoundHound AI, Inc. (NASDAQ:SOUN) post $42.7 million in revenue to mark a 217% growth. The firm's loss per share was $0.03. Analysts, on the other hand, had penciled in $32.5 million in revenue and $0.05 in loss per share. Yet, soon after Cramer's remarks, the shares had closed 28% lower in February after an SEC filing revealed that AI giant NVIDIA had completely sold all of its stake in the firm. Here's what Cramer said about SoundHound AI, Inc. (NASDAQ:SOUN) in Febr Show less Read more
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