SoundHound AI, Inc. (SOUN) Laps the Stock Market: Here's Why
SoundHound AI Analyst Ratings
Wedbush Maintains SoundHound AI(SOUN.US) With Buy Rating, Maintains Target Price $9
Wedbush Sticks to Their Buy Rating for SoundHound AI, Inc Class A (SOUN)
U.S. stocks closed | The Dow Jones and S&P 500 hit new highs intraday before falling, and Nvidia's market cap returned to 3 trillion U.S. dollars.
The Dow Jones Industrial Average fell by nearly 300 points, ending four consecutive gains, both the S&P and Nasdaq hitting record highs. The Hang Seng Tech Index fell by 2.8%, while the Chip Index rose by nearly 1%. Nvidia rose by over 2%, with robust demand for AI boosting Micron Technology's post-market rise of 13%. Bilibili briefly fell by nearly 7%. The US dollar and Treasury yields rose together, oil prices fell by over 2%, and spot gold touched a new high of $2670 before briefly turning lower. The US dollar saw its largest gain in three months, the Japanese yen fell by over 1%, and the offshore yuan saw the deepest drop of nearly 280 points to breach 7.03 yuan.
U.S. stocks closed | S&P, Dow hit new highs again; the China concept index soared over 9% to a two-year high, jd.com surged 14%, pdd holdings rose over 11%.
Unexpectedly sharp drop in US consumer confidence caused a decline in US bond yields and the US dollar, with US stocks initially turning lower followed by a sharp rise. Nvidia rose by about 4%, China concept stocks index surged over 9% to a four-month high and the largest increase in about two years, Bilibili rose by 17%, JD.com rose by nearly 14%, Pinduoduo, Xpeng, Nio, and Li Auto all rose by over 11%. Industrial giant Caterpillar hit a new high, European and American mining, casino, automotive, and luxury goods stocks rose, offshore renminbi rose nearly 600 points from the daily low to touch 7.01 yuan during the session.
SoundHound AI Chief Product Officer Sells Over $100k in Stock
Soundhound AI COO Sells Over $200k in Company Stock
SoundHound AI CFO Sells Over $193k in Company Stock
Soundhound AI CTO Sells Over $99k in Company Stock
Soundhound AI CEO Sells Over $750k in Company Stock
SoundHound AI VP Engineering Sells Over $100k in Stock
Kia OTA Update Adds SoundCloud and Enhances EV Route Planner and Voice Control
US stocks closed | The three major indexes rose together, with the Dow and S&P hitting new highs again, Tesla surged nearly 5%, Intel rose over 3%; Miniso fell more than 16%.
US manufacturing PMI hits 15-month low, but service prices increase, with several Federal Reserve officials sending mixed signals but all confirming further rate cuts. US stocks rose across the board except for small caps, with Chinese concept stocks index briefly up 2.5% and nvidia closing higher after a 1% drop, while intel and li auto inc rose by about 3%. Poor economic situation in Europe boosts expectations of rate cut by the ECB, as the yield curve of German bonds no longer inverted. Offshore yuan plunges by 230 points to briefly breach 7.06 yuan, oil prices drop by 2% before trimming losses by half.
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U.S. stock market closing | The 'Triple Witching Day' saw violent fluctuations in the final trading hour, with the Dow hitting a new all-time high; Intel surged in the final hour, gold reached a new high, and the offshore RMB rose by 300 points.
The Dow Jones hit a new high, while small-cap index fell more than 1% after seven consecutive gains, and the S&P briefly stopped falling in late trading. The Dow rose 1.6% for the week, the Nasdaq rose 1.5%, and energy stocks drove the S&P up 1.4%, the fifth consecutive weekly gain in six weeks, with small-cap stocks rising more than 2% and China concept stocks rising nearly 4% for the week.
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