Why SoundHound AI Stock Skyrocketed 85% in November
SoundHound AI(SOUN) The Motley Fool·2024-12-05 04:00
Shares of voice assistant technology company SoundHound AI (SOUN 12.78%) skyrocketed 85.1% during November, according to data provided by S&P Global Market Intelligence. The company did report financial results for the third quarter of 2024 during the month. But oddly enough, this didn't serve as a catalyst to send the stock higher. To the contrary, the stock actually dropped following its Q3 report.In Q3, SoundHound's revenue soared by 89% year over year to a record $25 million. But acquisitions hit the co ...