SoundHound AI Stock Moves on $300 Million News
SoundHound AI shares rose 4.3% to $8.93 Friday after the company launched a $300 million at-the-market stock sale program. The firm reported first-quarter revenue up 52% to $44.2 million but posted a $25 million net loss. Trading volume reached about 10 million shares. SoundHound ended March with $216 million in cash and no debt.