Why SoundHound Stock Is Soaring Today

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Why SoundHound Stock Is Soaring Today

Motley Fool2024-12-27

With today's gains, SoundHound AI stock is now up more than 1,000% in 2024.SoundHound AI Inc stock is posting big gains in Thursday's trading. The company's share price was up 19.7%.SoundHound AI ...

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nicepal
·2024-12-27
Usually will plunge? Likely will soar even higher today
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setia100
·2024-12-27
Insider selling is not a good thing 😲
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The company's share price was up 19.7%.SoundHound AI ...</p>\n\n<a href=\"https://www.fool.com/investing/2024/12/26/why-soundhound-stock-is-soaring-today/\">Source Link</a>\n\n</div>\n","source":"fool_stock","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Why SoundHound Stock Is Soaring Today</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWhy SoundHound Stock Is Soaring Today\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-12-27 07:33 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2024/12/26/why-soundhound-stock-is-soaring-today/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>With today's gains, SoundHound AI stock is now up more than 1,000% in 2024.SoundHound AI Inc stock is posting big gains in Thursday's trading. The company's share price was up 19.7%.SoundHound AI ...</p>\n\n<a href=\"https://www.fool.com/investing/2024/12/26/why-soundhound-stock-is-soaring-today/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"SOUN","symbol_name":"SoundHound AI Inc","start_time":0,"source_url":"https://www.fool.com/investing/2024/12/26/why-soundhound-stock-is-soaring-today/","article_id":"1175888431","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1175888431","pubTimestamp":1735256029,"columns":[],"sourceInfo":{"source_id":"fool_stock","name":"Motley Fool"},"weMediaInfo":null,"summary":"With today's gains, SoundHound's market capitalization has been pushed up to roughly $8.8 billion. 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On the other hand, investors should keep in mind that the stock's highly growth-dependent valuation opens the door for high levels of volatility if growth falls short of expectations or macroeconomic conditions take a turn for the worse.SoundHound AI CFO Nitesh Sharan sells $1.17 million in stockNitesh Sharan, the Chief Financial Officer of SoundHound AI, recently sold 57,761 shares of the company's Class A common stock. The shares were sold at an average price of $20.3042 each, amounting to a total transaction value of approximately $1.17 million. Sharan retains ownership of 1,502,650 shares. 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Likely will soar even higher today","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/386096519168496","repostId":1175888431,"repostType":2,"repost":{"id":"1175888431","kind":"news","pubTimestamp":1735256029,"share":"https://ttm.financial/m/news/1175888431?lang=&edition=fundamental","pubTime":"2024-12-27 07:33","market":"us","language":"en","title":"Why SoundHound Stock Is Soaring Today","url":"https://stock-news.laohu8.com/highlight/detail?id=1175888431","media":"Motley Fool","summary":"With today's gains, SoundHound's market capitalization has been pushed up to roughly $8.8 billion. The company is now trading at approximately 105 times this year's expected sales.SoundHound's conversational AI services suggest highly scalable business opportunities, and it's likely that demand for this kind of software will continue to increase rapidly over the long term. On the other hand, investors should keep in mind that the stock's highly growth-dependent valuation opens the door for high ","content":"<html><head></head><body><p><strong>With today&#39;s gains, SoundHound AI stock is now up more than 1,000% in 2024.</strong></p><p><a href=\"https://laohu8.com/S/SOUN\">SoundHound AI Inc</a> stock is posting big gains in Thursday&#39;s trading. The company&#39;s share price was up 19.7%.</p><p></p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/f9192d589637de0585efb7ec99466b4b\" title=\"\" tg-width=\"766\" tg-height=\"421\"/></p><p>SoundHound AI stock is surging amid a day of strong momentum for meme stocks. Speculative growth plays are seeing a strong rebound on the heels of recent valuation volatility, and the conversational artificial intelligence (AI) is also getting a boost from bullish analyst coverage.</p><h3 id=\"id_1107823439\" style=\"text-align: start;\">SoundHound AI stock surges to new high</h3><p style=\"text-align: start;\">After valuation pullbacks that occurred in conjunction with news that the Federal Reserve only expects to deliver two interest rate cuts next year, speculative growth stocks are seeing strong rebound momentum. With today&#39;s gains, SoundHound has notched a new high and is up more than 1,000% across 2024&#39;s trading -- a rally that makes it one of the year&#39;s best-performing stocks.</p><p style=\"text-align: start;\">With speculative growth stocks seeing strong bullish momentum, investors appear to be bidding SoundHound up with recent bullish coverage from analysts in mind. On Monday, H.C. Wainwright published new coverage on the stock that maintained a buy rating and raised the firm&#39;s one-year price target from $8 per share to $26 per share. While the firm&#39;s analysts noted that recent valuation gains have been driven by market excitement, they believe that the company will perform well enough to support its growth-dependent valuation.</p><h3 id=\"id_4066204182\" style=\"text-align: start;\">What comes next for SoundHound AI stock?</h3><p style=\"text-align: start;\">With today&#39;s gains, SoundHound&#39;s market capitalization has been pushed up to roughly $8.8 billion. The company is now trading at approximately 105 times this year&#39;s expected sales.</p><p>SoundHound&#39;s conversational AI services suggest highly scalable business opportunities, and it&#39;s likely that demand for this kind of software will continue to increase rapidly over the long term. On the other hand, investors should keep in mind that the stock&#39;s highly growth-dependent valuation opens the door for high levels of volatility if growth falls short of expectations or macroeconomic conditions take a turn for the worse.</p><h3 id=\"articleTitle\" style=\"text-align: start;\">SoundHound AI CFO Nitesh Sharan sells $1.17 million in stock</h3><p>Nitesh Sharan, the Chief Financial Officer of SoundHound AI, recently sold 57,761 shares of the company&#39;s Class A common stock. The shares were sold at an average price of $20.3042 each, amounting to a total transaction value of approximately $1.17 million. Sharan retains ownership of 1,502,650 shares. The transaction was conducted to satisfy tax withholding obligations related to the vesting of restricted stock units granted on several occasions between 2022 and 2024.</p></body></html>","source":"fool_stock","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Why SoundHound Stock Is Soaring Today</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWhy SoundHound Stock Is Soaring Today\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-12-27 07:33 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2024/12/26/why-soundhound-stock-is-soaring-today/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>With today's gains, SoundHound AI stock is now up more than 1,000% in 2024.SoundHound AI Inc stock is posting big gains in Thursday's trading. The company's share price was up 19.7%.SoundHound AI ...</p>\n\n<a href=\"https://www.fool.com/investing/2024/12/26/why-soundhound-stock-is-soaring-today/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SOUN":"SoundHound AI Inc"},"source_url":"https://www.fool.com/investing/2024/12/26/why-soundhound-stock-is-soaring-today/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1175888431","content_text":"With today's gains, SoundHound AI stock is now up more than 1,000% in 2024.SoundHound AI Inc stock is posting big gains in Thursday's trading. The company's share price was up 19.7%.SoundHound AI stock is surging amid a day of strong momentum for meme stocks. Speculative growth plays are seeing a strong rebound on the heels of recent valuation volatility, and the conversational artificial intelligence (AI) is also getting a boost from bullish analyst coverage.SoundHound AI stock surges to new highAfter valuation pullbacks that occurred in conjunction with news that the Federal Reserve only expects to deliver two interest rate cuts next year, speculative growth stocks are seeing strong rebound momentum. With today's gains, SoundHound has notched a new high and is up more than 1,000% across 2024's trading -- a rally that makes it one of the year's best-performing stocks.With speculative growth stocks seeing strong bullish momentum, investors appear to be bidding SoundHound up with recent bullish coverage from analysts in mind. On Monday, H.C. Wainwright published new coverage on the stock that maintained a buy rating and raised the firm's one-year price target from $8 per share to $26 per share. While the firm's analysts noted that recent valuation gains have been driven by market excitement, they believe that the company will perform well enough to support its growth-dependent valuation.What comes next for SoundHound AI stock?With today's gains, SoundHound's market capitalization has been pushed up to roughly $8.8 billion. The company is now trading at approximately 105 times this year's expected sales.SoundHound's conversational AI services suggest highly scalable business opportunities, and it's likely that demand for this kind of software will continue to increase rapidly over the long term. On the other hand, investors should keep in mind that the stock's highly growth-dependent valuation opens the door for high levels of volatility if growth falls short of expectations or macroeconomic conditions take a turn for the worse.SoundHound AI CFO Nitesh Sharan sells $1.17 million in stockNitesh Sharan, the Chief Financial Officer of SoundHound AI, recently sold 57,761 shares of the company's Class A common stock. The shares were sold at an average price of $20.3042 each, amounting to a total transaction value of approximately $1.17 million. Sharan retains ownership of 1,502,650 shares. The transaction was conducted to satisfy tax withholding obligations related to the vesting of restricted stock units granted on several occasions between 2022 and 2024.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":386063543968240,"gmtCreate":1735294439316,"gmtModify":1735294443574,"author":{"id":"3567852837945728","authorId":"3567852837945728","name":"setia100","avatar":"https://community-static.tradeup.com/news/5d07af59743ad001196b7aca5f1726d7","vip":1,"crmLevel":5,"crmLevelSwitch":0,"idStr":"3567852837945728","authorIdStr":"3567852837945728"},"htmlText":"Insider selling is not a good thing 😲","listText":"Insider selling is not a good thing 😲","text":"Insider selling is not a good thing 😲","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/386063543968240","repostId":1175888431,"repostType":2,"repost":{"id":"1175888431","kind":"news","pubTimestamp":1735256029,"share":"https://ttm.financial/m/news/1175888431?lang=&edition=fundamental","pubTime":"2024-12-27 07:33","market":"us","language":"en","title":"Why SoundHound Stock Is Soaring Today","url":"https://stock-news.laohu8.com/highlight/detail?id=1175888431","media":"Motley Fool","summary":"With today's gains, SoundHound's market capitalization has been pushed up to roughly $8.8 billion. The company is now trading at approximately 105 times this year's expected sales.SoundHound's conversational AI services suggest highly scalable business opportunities, and it's likely that demand for this kind of software will continue to increase rapidly over the long term. On the other hand, investors should keep in mind that the stock's highly growth-dependent valuation opens the door for high ","content":"<html><head></head><body><p><strong>With today&#39;s gains, SoundHound AI stock is now up more than 1,000% in 2024.</strong></p><p><a href=\"https://laohu8.com/S/SOUN\">SoundHound AI Inc</a> stock is posting big gains in Thursday&#39;s trading. The company&#39;s share price was up 19.7%.</p><p></p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/f9192d589637de0585efb7ec99466b4b\" title=\"\" tg-width=\"766\" tg-height=\"421\"/></p><p>SoundHound AI stock is surging amid a day of strong momentum for meme stocks. Speculative growth plays are seeing a strong rebound on the heels of recent valuation volatility, and the conversational artificial intelligence (AI) is also getting a boost from bullish analyst coverage.</p><h3 id=\"id_1107823439\" style=\"text-align: start;\">SoundHound AI stock surges to new high</h3><p style=\"text-align: start;\">After valuation pullbacks that occurred in conjunction with news that the Federal Reserve only expects to deliver two interest rate cuts next year, speculative growth stocks are seeing strong rebound momentum. With today&#39;s gains, SoundHound has notched a new high and is up more than 1,000% across 2024&#39;s trading -- a rally that makes it one of the year&#39;s best-performing stocks.</p><p style=\"text-align: start;\">With speculative growth stocks seeing strong bullish momentum, investors appear to be bidding SoundHound up with recent bullish coverage from analysts in mind. On Monday, H.C. Wainwright published new coverage on the stock that maintained a buy rating and raised the firm&#39;s one-year price target from $8 per share to $26 per share. While the firm&#39;s analysts noted that recent valuation gains have been driven by market excitement, they believe that the company will perform well enough to support its growth-dependent valuation.</p><h3 id=\"id_4066204182\" style=\"text-align: start;\">What comes next for SoundHound AI stock?</h3><p style=\"text-align: start;\">With today&#39;s gains, SoundHound&#39;s market capitalization has been pushed up to roughly $8.8 billion. The company is now trading at approximately 105 times this year&#39;s expected sales.</p><p>SoundHound&#39;s conversational AI services suggest highly scalable business opportunities, and it&#39;s likely that demand for this kind of software will continue to increase rapidly over the long term. On the other hand, investors should keep in mind that the stock&#39;s highly growth-dependent valuation opens the door for high levels of volatility if growth falls short of expectations or macroeconomic conditions take a turn for the worse.</p><h3 id=\"articleTitle\" style=\"text-align: start;\">SoundHound AI CFO Nitesh Sharan sells $1.17 million in stock</h3><p>Nitesh Sharan, the Chief Financial Officer of SoundHound AI, recently sold 57,761 shares of the company&#39;s Class A common stock. The shares were sold at an average price of $20.3042 each, amounting to a total transaction value of approximately $1.17 million. Sharan retains ownership of 1,502,650 shares. The transaction was conducted to satisfy tax withholding obligations related to the vesting of restricted stock units granted on several occasions between 2022 and 2024.</p></body></html>","source":"fool_stock","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Why SoundHound Stock Is Soaring Today</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWhy SoundHound Stock Is Soaring Today\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-12-27 07:33 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2024/12/26/why-soundhound-stock-is-soaring-today/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>With today's gains, SoundHound AI stock is now up more than 1,000% in 2024.SoundHound AI Inc stock is posting big gains in Thursday's trading. The company's share price was up 19.7%.SoundHound AI ...</p>\n\n<a href=\"https://www.fool.com/investing/2024/12/26/why-soundhound-stock-is-soaring-today/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SOUN":"SoundHound AI Inc"},"source_url":"https://www.fool.com/investing/2024/12/26/why-soundhound-stock-is-soaring-today/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1175888431","content_text":"With today's gains, SoundHound AI stock is now up more than 1,000% in 2024.SoundHound AI Inc stock is posting big gains in Thursday's trading. The company's share price was up 19.7%.SoundHound AI stock is surging amid a day of strong momentum for meme stocks. Speculative growth plays are seeing a strong rebound on the heels of recent valuation volatility, and the conversational artificial intelligence (AI) is also getting a boost from bullish analyst coverage.SoundHound AI stock surges to new highAfter valuation pullbacks that occurred in conjunction with news that the Federal Reserve only expects to deliver two interest rate cuts next year, speculative growth stocks are seeing strong rebound momentum. With today's gains, SoundHound has notched a new high and is up more than 1,000% across 2024's trading -- a rally that makes it one of the year's best-performing stocks.With speculative growth stocks seeing strong bullish momentum, investors appear to be bidding SoundHound up with recent bullish coverage from analysts in mind. On Monday, H.C. Wainwright published new coverage on the stock that maintained a buy rating and raised the firm's one-year price target from $8 per share to $26 per share. While the firm's analysts noted that recent valuation gains have been driven by market excitement, they believe that the company will perform well enough to support its growth-dependent valuation.What comes next for SoundHound AI stock?With today's gains, SoundHound's market capitalization has been pushed up to roughly $8.8 billion. The company is now trading at approximately 105 times this year's expected sales.SoundHound's conversational AI services suggest highly scalable business opportunities, and it's likely that demand for this kind of software will continue to increase rapidly over the long term. On the other hand, investors should keep in mind that the stock's highly growth-dependent valuation opens the door for high levels of volatility if growth falls short of expectations or macroeconomic conditions take a turn for the worse.SoundHound AI CFO Nitesh Sharan sells $1.17 million in stockNitesh Sharan, the Chief Financial Officer of SoundHound AI, recently sold 57,761 shares of the company's Class A common stock. The shares were sold at an average price of $20.3042 each, amounting to a total transaction value of approximately $1.17 million. Sharan retains ownership of 1,502,650 shares. The transaction was conducted to satisfy tax withholding obligations related to the vesting of restricted stock units granted on several occasions between 2022 and 2024.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"hasMoreComments":true,"newsSizeData":{"likeSize":15,"commentSize":2,"repostSize":2,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false}}