Down 72%, Should You Buy the Dip in SoundHound AI?

SoundHound AI’s shares have fallen 72% from their all-time highs, even as the business expands rapidly. First-quarter revenue rose 52% year over year, signaling ongoing top-line momentum as the company grows. With two decades of data from user interactions, it has built a voice AI platform used by restaurants and automakers for drive-thru ordering and in-car assistants. The newly launched OASYS agentic AI system lets firms deploy fleets of continuously training agents, and a Fortune 100 customer has saved about $10 million in quarterly costs using the platform. Industry projections put the voice AI market at $47 billion by 2034, up roughly 35% annually, though SoundHound faces profitability challenges and competition from Google.