Shares of SoundHound AI have skyrocketed over 1,900% in the last two years, yet recently faced a pullback attributed to Nvidia's actions. Currently priced around $10.60, the company reported mixed results, with an EPS loss but a notable 151.3% revenue increase year-over-year. The company projects 2025 revenues to range between $157 million and $177 million, slightly above previous estimates. CEO Keyvan Mohajer argues the market overreacted to Nvidiaâs selling, emphasizing Nvidia's strategic alignment and investment in SoundHound rather than a negative outlook.
In our opinion, there was a bit of an overreaction. Our impression is that they're not investing to hold public company shares, they're investing to create an ecosystem.
Although the recent earnings weren't stellar with an EPS loss, SoundHound's revenue growth at 151.3% year over year reflects strong potential ahead.
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