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SOUNDHOUND AI, INC.

(SOUN)
  Report
Delayed Nasdaq  -  04:00:01 2023-03-24 pm EDT
2.100 USD   +7.14%
03/23New SoundHound Chat AI Platform Uses Breakthrough Technology To Offer Powerful Voice Assistant To Businesses and Brands
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03/09SoundHound AI Q4 Loss Narrows While Sales Increase; Sets 2023 Revenue Guidance; Wedbush Maintains Outperform
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03/08SoundHound AI Q4 Loss Narrows While Sales Increase; Sets 2023 Revenue Guidance
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AI stocks rally in latest Wall Street craze sparked by ChatGPT

02/06/2023 | 11:29am EDT
Illustration shows OpenAI and ChatGPT logos

(Reuters) - Shares of C3.ai Inc, BigBear.ai and SoundHound AI extended a rally on Monday as artificial intelligence becomes a new buzzword on Wall Street with the viral success of ChatGPT chatbot, attracting interest from retail punters.

Software firm C3.ai rose 11%, analytics firm BigBear.ai jumped nearly 21% and conversation artificial intelligence company SoundHound surged 40%.

Tickers for the three small-cap companies were among those that were being bandied about on the investor-focused social media platform, stocktwits.com.

"Any company that mentions ChatGPT or something about AI, sees this rally ... it's just the hot buzzword of the month," said Dennis Dick, a trader at Triple D Trading.  

The success of OpenAI's ChatGPT, which drew multi-billion dollar investment from Microsoft Corp, has left investors scouring for companies that develop AI-related technologies.

ChatGPT is estimated to have reached 100 million monthly active users in January, just two months after launch, making it the fastest-growing consumer application in history, according to a UBS study last week.

C3.ai and SoundHound have more than doubled in value this year while BigBear.ai has surged more than 700%.

The surge in prices was due to long buying as investors moved into AI stocks as opposed to any significant short covering, said Matthew Unterman, director at analytics platform S3 Partners in New York.

(Reporting by Medha Singh and Ankika Biswas in Bengaluru; Editing by Anil D'Silva)


ę Reuters 2023
Stocks mentioned in the article
ChangeLast1st jan.
BIGBEAR.AI HOLDINGS, INC. -2.59% 1.88 End-of-day quote.179.06%
C3.AI, INC. 1.53% 25.27 Delayed Quote.125.83%
MICROSOFT CORPORATION 1.05% 280.57 Delayed Quote.16.99%
SOUNDHOUND AI, INC. 7.14% 2.1 Delayed Quote.18.64%
All news about SOUNDHOUND AI, INC.
03/23New SoundHound Chat AI Platform Uses Breakthrough Technology To Offer Powerful Voice As..
BU
03/09SoundHound AI Q4 Loss Narrows While Sales Increase; Sets 2023 Revenue Guidance; Wedbush..
MT
03/08SoundHound AI Q4 Loss Narrows While Sales Increase; Sets 2023 Revenue Guidance
MT
03/08North American Morning Briefing: Stock Futures Struggle ..
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03/07Transcript : SoundHound AI, Inc., Q4 2022 Earnings Call, Mar 07, 2023
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03/07SoundHound AI, Inc. Provides Earnings Guidance for the Year 2023
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03/07SoundHound AI, Inc. Reports Earnings Results for the Fourth Quarter Ended December 31, ..
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03/07Earnings Flash (SOUN) SOUNDHOUND AI Reports Q4 Revenue $9.5M, vs. Street Est of $8.96M
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03/07SoundHound AI Guides For 2023 Revenue of $43-$50 Million, vs CIQ Analyst Consensus of $..
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03/07SoundHound AI Reports Strong Q4 Revenue, Up 84% Year-Over-Year
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More news
Analyst Recommendations on SOUNDHOUND AI, INC.
More recommendations
Financials (USD)
Sales 2022 30,6 M - -
Net income 2022 -118 M - -
Net Debt 2022 - - -
P/E ratio 2022 -2,53x
Yield 2022 -
Capitalization 420 M 420 M -
Capi. / Sales 2022 13,8x
Capi. / Sales 2023 9,15x
Nbr of Employees 396
Free-Float 78,0%
Chart SOUNDHOUND AI, INC.
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Technical analysis trends SOUNDHOUND AI, INC.
Short TermMid-TermLong Term
TrendsBearishNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 3
Last Close Price 2,10 $
Average target price 4,23 $
Spread / Average Target 102%
EPS Revisions
Managers and Directors
Keyvan Mohajer Chief Executive Officer & Director
Nitesh Sharan Chief Financial Officer
Timothy Stonehocker Chief Technology Officer
Michael Zagorsek Chief Operating Officer
James M. Hom Director & Chief Product Officer
Sector and Competitors
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