SoundHound AI Stock Jumps 22% on Record Q2 Revenue
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SoundHound AI (NASDAQ: SOUN) shares surged 22.11% in premarket trading to $13.09 after the company reported record second-quarter revenue of $42.7 million, a 217% increase year-over-year. This figure significantly exceeded analyst expectations of $32.9 million. CEO Kayvan Mohajer emphasized the growing importance of voice AI automation for enterprises, attributing the company's success to strategic investments and technological advancements.
The company has raised its full-year 2025 revenue outlook, indicating confidence in the continued demand for its conversational AI technologies. SoundHound's solutions, which address AI 'hallucination' issues, are utilized across various sectors, including automotive, healthcare, and financial services, solidifying its position as a leader in enterprise voice AI.Source:Show Original
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