LSE:MRW.L News 2 February 2026

February 2, 2026, 6:14 AM EST. SoundHound AI (SOUN) shares have fallen to their lowest level in over a year, presenting a potential buying opportunity in the small-cap AI application space valued at $3.6 billion. The company develops software that integrates generative AI with audio recognition, targeting sectors like restaurant drive-thrus and vehicle assistants. Q3 revenue rose 68%, supported by new contracts including a French insurer and major financial institutions. Despite promising growth forecasts of 37% revenue increase in 2026, the stock's upside hinges on consumer acceptance of AI-powered customer service agents, a factor outside the company's control. Trading at 27 times sales, the stock is not cheap but remains attractive relative to its historical valuations.