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Nvidia (NVDA) It no longer has a participation in Soundhound ai (Osseous) .
The chip giant presented a 13-F to the stock exchange and values commission that showed that he had sold his Soundhound actions. This caused Sango to immerse 28% on February 14 after the presentation.
Soundhound is a company based in California that focuses on the artificial intelligence of white voice that allows companies to create personalized voice assistants.
The problem for those well -known voice assistants such as Siri de Apple and Alexa de amazon is that they are locked in the ecosystems of technological giants, which limits the control of companies about the brand and data.
That's where Soundhound saw an opportunity. Its clients cover industries from Mercedes-Benz to Hotels IHG and Spotify.
The company has created a voice assistant in the vehicle that uses a large language model driven by Nvidia impulse technology.
Nvidia supported this company. In February 2024, he revealed an investment of $ 3.7 million in sound soils.
Soundhound recently reaffirmed his association with Nvidia.
In a call from the investors of February 27, the CEO of Soundhound, Keyvan Mohajer, highlighted his “strong presence” in the January CES, an annual technology fair.
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“In addition to presenting the first voice trade ecosystem in the vehicle, our participation of the CES also presented collaborations with Nvidia, Perpleity, Lucid Motors, LG and a wide range of restaurant partners,” said Mohajer.
He also said that Soundhound will participate in the next GTC 2025 event in NVIDIA, “where we will show demonstrations of our voice assistant, taking advantage of the generative ai on the border with Nvidia Drive Agx, as well as our Voice trade ecosystem.”
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Soundhound increases on solid gains
Soundhound ai launched a solid performance of the end of the year on February 27, which led to a demonstration of 17.48% in the price of its shares during the next session.
The company reported a loss of fourth quarter per action of 5 cents, better than the consensus estimate of Wall Street of a loss of 8 cents. The revenues for the quarter reached $ 34.5 million, exceeding $ 33.7 million expectations.
“We had a year of progress, expanding our leadership position in the voice and conversational the main client victories, expanded associations, generative innovation of ai and strategic acquisitions,” Mohajer said.
“As we advance in the ai AGE era, we are uniquely positioned to capitalize on this evolution category. Together with our wide existing portfolio of the voice enabled for the voice, we can offer an even greater commercial impact,” he added.
The company “closes the year with almost $ 200 million in cash and without debt”, according to a press release.
For fiscal year 2025, Soundhound increased its income perspective to a range of $ 157 million to $ 177 million, above its previous forecast from $ 155 million to $ 175 million. Despite the increase, the new guide did not reach the estimate of consensus of $ 165.27 million.
The analyst raises the objective of the shares of the sound waitress after the profits
Wedbush reaffirmed its higher performance qualification and its target price of $ 22 in health stock, citing “a strong impulse to fiscal year 2015”.
“We believe that Soun is a long -term winner in revolution ai, since the innovative Stack tech provides several use cases for chat's integrations,” the firm said.
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“The company is still an artificial intelligence company of a little appreciated pure game that is making significant advances to make participations throughout the panorama with its business software platform,” the company added.
Da Davidson increased its target price in Soundhound to $ 13 from $ 9.5 with a purchase rating, Thefly.com reported on February 28.
The firm recognized the solid 2024 results of Soundhound, with an income growth that continues to exceed expectations.
Da Davidson also said that the demand for soils sounds remains high, since it expands its business with the main actors in finance, medical care, energy and other industries.
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Amelia's acquisition by Soundhound has also expanded its total directable market and has helped diversify the business, the company added.
Soundhound closed to $ 10.82 on February 28. Despite the increase in subsequent profits, the action has dropped 53.58% in the year to date.
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