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The Soundhound AI action fell by around 11% in the middle of a larger sale on the market rather than new -specific news.
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The company recently reported solid results of the second quarter, but only in a relative sense – it remains unprofitable.
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With a beta version of 2.8, Soundhound AI is a very volatile stock.
Actions of Soundhound ai (Nasdaq: Soun) took a strong dive on Tuesday. The company, which uses artificial intelligence (AI) to provide voice control tools adapted to users, had taken a blow from 11% to 3:07 p.m. on a coherent decrease trend. There was no news specific to the company which led this price drop, just a downward market day under the recent gains in action.
All kinds of chérius actions on the market fell on Tuesday, because the profits on the profits of the retail sector have shown signs of tariff inflation. This is bad news for a stock like Soundhound ai. The company is not profitable and its actions are rather negotiated on long -term income growth opportunities. Even so, Soundhound has shared the hands 41 times train sales – After Tuesday high price correction.
This is just a normal Tuesday afternoon to growth actions and their investors. Soundhound Ai is incredibly volatile with a beta note of 2.8. In other words, the stock tends to move in the same direction as the global market, but about 2.8 times in both directions. This wobbly foundation establishes the action for sudden movements likes to fall in prices today.
Soundhound IA said solid results from the second quarter earlier this month, adding support to the stock’s arrow assessment. But revenues are still negative and it will take years to convert your backward -up of a billion dollars into real income.
At this stage, Soundhound AI’s shares won 168% in 52 weeks, but also negotiate 47% below the frantic peak in December. I believe in the company and its solid AI technology, but the stock still seems to be overvalued.
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