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Benzinga
Benzinga
Business
Kaustubh Bagalkote

SoundHound AI Stock Surges 20% Premarket After Record Q2 Revenue Beat

SoundHound AI

SoundHound AI Inc. (NASDAQ:SOUN) stock jumped 20.15% in premarket trading on Friday to $12.88 after reporting record quarterly results that crushed Wall Street estimates.

The voice AI company posted second-quarter revenue of $42.7 million, beating analyst expectations of $32.88 million and marking 217% year-over-year growth. Adjusted losses narrowed to $0.03 per share versus the $0.09 consensus estimate.

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