SoundHound AI (NASDAQ:SOUN) Stock Price Plunges to $13.17 After Q2 Earnings — Buy, Sell, or Hold?
Revenue Growth Surges but Stock Retreats to $13.17
SoundHound AI (NASDAQ:SOUN) delivered one of its most impressive quarters to date, reporting Q2 revenue of $42.7 million, representing a 217% year-over-year increase. Despite the revenue explosion, shares closed at $13.17, down over 10% in a single session as investors digested valuation risks and macro pressures. The stock had been trading as high as $15.40 earlier in August, fueled by AI hype, before sellers regained control after earnings.
Guidance Raised to $178 Million as Growth Accelerates
Management upgraded full-year revenue guidance to $160 million–$178 million, a sharp increase from its earlier forecast of around $140 million. At the midpoint, this implies a full-year…
