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We recently published 10 Stocks Lead Wall Street Downward Spiral. SoundHound AI Inc. (NASDAQ:SOUN) is one of the worst-performing stocks on Tuesday.
SoundHound AI dropped for a second day on Tuesday, losing 11.57 percent to close at $15.13 apiece as investors unloaded portfolios ahead of the results of its earnings performance this week.
According to the company, it would release the results of its financial and operating highlights for the third quarter of the year after market close on Thursday, November 6.
SoundHound AI Inc. (NASDAQ:SOUN) earlier said it targeted revenues for full-year 2025 to hit $160 million to $178 million.
In recent news, SoundHound AI Inc. (NASDAQ:SOUN) said it partnered with technology services distributor, Telarus, to introduce its transformative AI solutions—including the Amelia 7 AI Agent and Autonomics platforms to technology advisors and enterprise customers.
The Amelia 7 platform can handle complex multi-step user queries by orchestrating multiple AI agents with specific functions to answer questions, execute transactions, and resolve problems via text or voice, without the need for human intervention. Meanwhile, the Autonomics platform enables the AI-driven, end-to-end automation of IT systems through a single pane of glass.
Unlike traditional IT Infrastructure monitoring, Autonomics allows a user to understand why an issue occurred and to resolve it fast, turning existing IT tools into an automated, digital-first self-healing system that detects, diagnoses, and resolves problems.
While we acknowledge the potential of SOUN as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock.
READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.
Disclosure: None. This article is originally published at Insider Monkey.
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