SoundHound AI (SOUN) to acquire Interactions Corp. for $85 million. Deal expands customer base and growth opportunities, reiterates $18 price forecast.
These three AI infrastructure plays offer exposure to voice interfaces, chip alternatives, and design software -- without the nosebleed valuations of the AI model makers.
Let’s dig into the relative performance of DocuSign (NASDAQ:DOCU) and its peers as we unravel the now-completed Q2 productivity software earnings season.
Shares of voice AI technology company SoundHound AI (NASDAQ:SOUN) jumped 2.1% in the afternoon session after it received continued positive commentary from Wall Street analysts.
Software is rapidly reducing operating expenses for businesses. The undeniable tailwinds fueling SaaS companies have led to lofty valuation multiples historically,
but rich prices also make re-ratings harder and place a ceiling on returns -
over the past six months, the industry’s 13.3% gain has lagged the S&P 500 by 4.4 percentage points.
A number of stocks fell in the afternoon session after markets pulled back, reversing early gains, as investor sentiment remained cautious despite a softer-than-expected inflation reading.
Quarterly earnings results are a good time to check in on a company’s progress, especially compared to its peers in the same sector. Today we are looking at ServiceNow (NYSE:NOW) and the best and worst performers in the automation software industry.
A number of stocks fell in the afternoon session after a significant downward revision in U.S. job creation data fueled concerns about a weakening labor market.
