SoundHound Shares Slip 1.8% Amid Volatility

SoundHound AI shares fell 1.8% to $6.43 on Friday, with trading volume down 33% from average. The stock has dropped roughly 43% over three months and trades below its 50- and 200-day moving averages, reflecting persistent volatility and investor caution around its unprofitable status despite 59% year-over-year revenue growth. On the positive side, SoundHound announced a partnership with Associated Carrier Group to deploy agentic AI across Tier 2 and 3 telecoms, targeting reduced call volumes and recurring software revenue. Analysts maintain a consensus Moderate Buy rating with an average price target of $14.93, though valuation risks and recent insider stock sales remain concerns.