What Happened to SoundHound AI, Inc.?
SoundHound AI (SOUN) is a global leader in conversational artificial intelligence, providing voice AI solutions to businesses across various sectors. After going public via a SPAC merger in April 2022, its stock has experienced significant volatility, marked by periods of rapid growth driven by AI enthusiasm and strategic partnerships, alongside sharp declines due to market corrections and the sale of a notable NVIDIA stake. As of April 2026, the company continues to expand its 'agentic AI' platform and secure new enterprise clients, aiming for profitability amidst strong revenue growth forecasts.
Quick Answer
SoundHound AI (SOUN) stock has seen a dynamic trajectory since its 2022 SPAC debut, characterized by high volatility. It surged dramatically in late 2024 and early 2025, reaching an all-time high of over $24, fueled by the broader AI boom and an initial investment from NVIDIA. However, the stock later experienced a significant correction, particularly after NVIDIA divested its stake in late 2024. As of April 20, 2026, SOUN trades around $8.08, with the company focusing on expanding its 'agentic AI' platform through new partnerships in automotive, restaurant, and telecom sectors, while forecasting strong revenue growth for 2026 despite remaining unprofitable.
📊Key Facts
📅Complete Timeline15 events
SoundHound Inc. Founded
SoundHound Inc. is founded, beginning its journey in voice AI technology.
Announces SPAC Merger Plans
SoundHound announces its intention to go public through a merger with Archimedes Tech SPAC Partners Co., valuing the company at approximately $2.1 billion.
Goes Public on Nasdaq as SOUN
SoundHound AI completes its SPAC merger and begins trading on Nasdaq under the ticker symbol SOUN, opening at $8.72 per share.
Stock Reaches All-Time Low
SOUN stock records its lowest price ever at $0.93, reflecting early market volatility for the newly public company.
Acquires Synq3 Inc.
SoundHound AI completes the acquisition of Synq3 Inc., a provider of voice AI solutions for the restaurant industry, expanding its market reach.
NVIDIA Investment Revealed, Stock Soars
NVIDIA discloses a stake in SoundHound AI (1.73 million shares), sending SOUN shares soaring over 50% and acting as a major catalyst for the stock.
All-Time High Stock Price
SoundHound AI's stock reaches its all-time high closing price of $24.23 (or $24.98), driven by strong AI market sentiment.
NVIDIA Sells Entire Stake
NVIDIA reveals in a regulatory filing that it sold its entire stake in SoundHound AI during Q4 2024, causing SOUN stock to plunge significantly.
Delays 10-K Filing, Cites Material Weaknesses
SoundHound AI announces a delay in its 10-K report filing due to accounting complexities from recent acquisitions and ongoing material weaknesses in internal controls.
Reports Record Q2 Revenue
SoundHound AI reports its strongest ever quarter, with revenue of $42.7 million, an increase of 217% year-over-year, and raises its full-year outlook.
Reaches 52-Week High
SOUN stock hits a 52-week high of $22.17, demonstrating renewed investor interest and volatility.
Reports Record 2025 Revenue, Forecasts Strong 2026
SoundHound AI announces record full-year 2025 revenue of $168.9 million, nearly doubling from 2024, and provides a strong 2026 revenue outlook of $225M–$260M.
CFO Transition Announced
SoundHound AI announces that CFO Nitesh Sharan will depart in April 2026, with co-founder James Hom serving as interim CFO.
Peet's Coffee Deploys 'BaristAI'
Peet's Coffee partners with SoundHound AI to power in-store employee support across its nationwide U.S. retail footprint with 'BaristAI'.
Partners with Associated Carrier Group
SoundHound AI announces a partnership with Associated Carrier Group to bring its agentic AI platform to telecom customer service and employee experience.
🔍Deep Dive Analysis
SoundHound AI, Inc. embarked on its public market journey on April 28, 2022, through a SPAC merger with Archimedes Tech SPAC Partners Co., listing on Nasdaq under the ticker SOUN with an initial valuation of approximately $2.1 billion. The company, founded in 2005, specializes in an independent voice AI platform, enabling businesses to create custom voice assistants for various applications, from automotive to customer service.
The stock experienced considerable volatility in its early years, trading as low as $0.93 in December 2022. A significant turning point occurred in early 2024, when SoundHound AI's shares surged dramatically. This rally was largely catalyzed by the broader excitement around artificial intelligence and, specifically, the disclosure in February 2024 that NVIDIA had invested approximately $3.67 million in the company. This endorsement from a leading AI chipmaker propelled SOUN to an all-time high closing price of $24.23 on December 26, 2024, with intraday highs exceeding $22 in early January 2025.
However, this peak was followed by a sharp correction. In February 2025, NVIDIA disclosed that it had sold its entire stake in SoundHound AI during Q4 2024, leading to a significant plunge in SOUN's stock price. Despite the stock sale, SoundHound AI maintained its partnership with NVIDIA, continuing to integrate its in-vehicle voice assistants with NVIDIA's Drive technology. The company also faced scrutiny in March 2025 when it delayed its 10-K filing, citing complexities in accounting for its 2024 acquisitions of Synq3 and Amelia Holdings, and acknowledging material weaknesses in its internal control over financial reporting.
Throughout 2025 and into 2026, SoundHound AI demonstrated strong revenue growth, with 2025 revenue nearly doubling to $168.92 million from $84.69 million in 2024, and losses significantly decreasing. The company continued to expand its footprint, securing partnerships with major players in the automotive sector, and extending its 'agentic AI' solutions to restaurants (e.g., Peet's Coffee's 'BaristAI' in March 2026), and telecom (e.g., Associated Carrier Group in April 2026). SoundHound AI also announced a leadership change in March 2026, with CFO Nitesh Sharan departing and co-founder James Hom stepping in as interim CFO.
As of April 20, 2026, SoundHound AI's stock trades around $8.08, reflecting a significant decline from its late 2024 highs but a substantial increase from its 2022 lows. The company forecasts 2026 revenue between $225 million and $260 million, indicating continued growth. While analysts generally maintain a 'Buy' or 'Hold' rating with median price targets in the mid-teens, the company remains unprofitable, and its stock price continues to be influenced by market sentiment towards AI and its ability to execute on its growth strategy.
What If...?
Explore alternate histories. What if SoundHound AI, Inc. made different choices?