SoundHound AI Inc (NASDAQ:SOUN) shares are in the spotlight Thursday ahead of earnings. Here’s what you need to know.
What To Know: SoundHound is set to report its fourth-quarter financial results after the bell. The company is expected to report a loss of 6 cents per share and revenue of $17.746 million, according to Benzinga Pro.
SoundHound shares got a lift late Wednesday after C3.ai stock surged on strong third-quarter earnings. C3.ai beat analyst estimates on both the top and bottom line and highlighted accelerating demand for AI.
“Our significant first mover advantage in Enterprise AI is generating tailwinds as market interest in adopting AI accelerates,” the company said.
Northland Capital Markets analyst Michael Latimore downgraded SoundHound AI from Outperform to Market Perform on Wednesday, one day ahead of earnings. The downgrade comes after the stock surged more than 70% in the last five trading sessions and nearly 300% over the last …