Browsing: SoundHound

Cerebras Systems (NASDAQ:CBRS) primarily earns its revenue by developing and manufacturing advanced artificial intelligence compute platforms for data centers.

SoundHound (SOUN) dropped 22% over the past month and sits 51% below its year-start price while the broader software sector rallied 10%.

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Concentrated selling is hammering a thin slice of speculative software names even as the broader market climbs higher, and the divergence raises a pointed question about how much real support sits underneath these stocks when no news is doing the…

The demand for artificial intelligence (AI) software is rising rapidly, with Gartner projecting a 60% increase in AI software spending this year to $453 billion, followed by a 41% jump next year to more than $638 billion.

A number of stocks fell in the afternoon session after Bloomberg reported that Anthropic’s preliminary second-quarter revenue topped $11.5 billion.