Shares of SoundHound AI Inc. (NASDAQ: SOUN) plummeted 5.26% in pre-market trading on Tuesday, as the voice AI company grappled with concerns raised by CNBC's Jim Cramer over its financial performance and reliance on meme stock trading.
SoundHound AI, which develops voice assistants and customer service solutions powered by artificial intelligence, has faced mounting losses in recent quarters. In its third-quarter 2024 report, the company posted an operating loss of $33.8 million, more than double the $14.5 million loss it recorded in the same period the previous year.
Addressing the stock's recent volatility, Cramer characterized SOUN as a "meme stock" and a "short squeeze only," suggesting that its share price movement has been driven more by retail investor speculation than by its underlying business fundamentals. Cramer advised the company to consider selling around 50 million shares to bolster its cash position and alleviate concerns about its ongoing cash burn.
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。