SoundHound Stock Soars Over 300% After Nvidia Investment Despite Q4 Revenue Miss
- SoundHound AI (SOUN) stock jumped 334% in one month after Nvidia bought shares
- SOUN reported Q4 revenue of $17.1M, up 80% but below estimates of $17.75M
- Q4 loss per share of $0.07 was wider than expected $0.06
- SOUN forecasts 2024 revenue of $63M-$77M, in line with estimates of $70M
- Analysts' average price target is $5.17, a 30.3% downside from current levels