SOUN Stock Today, November 21, 2025: Can SoundHound AI Rebound After a 38% November Sell‑Off?

Ticker: SOUN | Exchange: NASDAQ | Sector: AI & Conversational Software

SoundHound AI (SOUN) Stock Price Today

SoundHound AI stock (NASDAQ: SOUN) is trading slightly lower today after a bruising November that has erased much of its recent rally.

Latest price (Nov 21, 2025, late session): about $11.22 per share
Day change: roughly –0.7% vs. yesterday (down about $0.08 from ~$11.30)
Today’s trading range:$10.37 – $11.50
Intraday volume: about 51.5 million shares changing hands

While today’s move is modest, it sits on top of a much steeper decline. Over the last month, SOUN shares have dropped about 38%, flipping their year‑to‑date performance into negative territory and pulling the market cap back below $5 billion. ^[1]

In other words: today’s tiny red number hides a big story of explosive growth, aggressive spending, and rising skepticism about how defensible SoundHound’s AI moat really is.

Key Takeaways for SOUN Stock on November 21, 2025

Stock is down again today and sits well below its early‑November highs, after a sharp pullback this month. ^[2]
Q3 2025 results were strong on revenue, with sales up 68% year over year to $42 million, but losses ballooned. ^[3]
GAAP net loss hit about $109 million for the quarter — more than 2.5 times quarterly revenue, highlighting the cost of scaling. ^[4]
The company ended Q3 with around $269 million in cash and no debt, giving it runway to keep investing in growth. ^[5]
Technical indicators show extreme volatility and oversold readings, even as some ratings still highlight strong long‑term relative strength. ^[6]

Earnings Beat and Hyper‑Growth… With Hyper‑Losses

SoundHound AI’s latest earnings report is the foundation for today’s trade.

For Q3 2025 (quarter ended Sept. 30):

Revenue: about $42 million, up 68% year over year
Street expectation: around $40.5 million – so SoundHound beat on the top line ^[7]
Adjusted EPS: roughly –$0.03 per share, better than analysts’ forecast near –$0.08 to –$0.09 ^[8]

On paper, this is exactly what growth investors want: faster revenue, improving adjusted earnings, and guidance going up. Management raised its full‑year 2025 revenue outlook to a range of $165–$180 million, up from a prior $160–$178 million, with the midpoint now comfortably above consensus. ^[9]

But beneath the headline beat is a cost structure that’s making the market nervous:

GAAP net loss for Q3: roughly $109.3 million, versus about $21.8 million a year earlier — more than five times larger. ^[10]
That translates into a net margin of roughly –260%, meaning SoundHound lost more than $2.60 for every $1 of revenue this quarter.

In short: growth is not the problem — profitability is.

Why Has SOUN Stock Fallen So Hard in November?

SOUN didn’t suddenly become a broken story; it became a crowded one.

Earlier in the fall, SoundHound shares soared as investors embraced the company’s Amelia 7 conversational AI platform, which secured a leadership position in IDC’s 2025 MarketScape assessment for general‑purpose conversational AI. That news helped lift the stock double‑digits in a single session and fueled a broader move that saw the stock triple compared with earlier levels this year. ^[11]

But more recently, the mood shifted:

An analysis published today notes that SOUN has collapsed about 38% over the past month, with its year‑to‑date return turning negative. ^[12]
The same piece highlights growing concerns that AI audio and voice tech are headed toward “commoditization”, meaning high‑quality generative audio tools could become cheap and interchangeable. ^[13]

If AI audio becomes a commodity, customers may resist paying premium pricing for voice engines — a direct threat to companies like SoundHound that have built their story on superior proprietary technology.

Add to that:

SoundHound’s significant cash burn — recent filings point to tens of millions of dollars consumed over the last nine months in operating and investing cash flows. ^[14]
A Q3 GAAP net loss that exploded roughly fourfold year‑over‑year. ^[15]

Investors are now asking a tough question: Can SoundHound hold onto pricing power and margins in a crowded AI voice market long enough to reach profitability?

Balance Sheet: $269 Million Cash and No Debt

One reason SOUN remains on many watchlists despite volatility: its balance sheet is stronger than you might expect for a company this unprofitable.

At the end of Q3 2025, SoundHound reported around $269 million in cash on its balance sheet. ^[16]
The company also reports no debt, which gives it flexibility compared with many leveraged AI peers. ^[17]

That cash pile acts like runway — it gives management room to:

Integrate recent acquisitions (including Interactions, a customer service AI firm acquired for about $60 million) ^[18]
Invest in product development around its Agentic+ framework and Amelia 7 agents
Support rollouts with enterprise partners across industries such as banking, telecom, and restaurants ^[19]

However, large GAAP losses and operating cash outflows mean that runway is not infinite. If losses stay near current levels, the market will keep worrying about future dilution or the need to slow spending.

Strategic Partnerships: From Drive‑Thrus to Enterprise CX

Despite the recent sell‑off, SoundHound continues to expand its footprint via partnerships and acquisitions:

Telarus alliance: In October, SoundHound announced a strategic partnership with Telarus, one of the largest global technology services distributors. The deal aims to push Amelia 7 and Autonomics into enterprise customer‑experience and employee‑experience environments across finance, telecom, healthcare, retail, and more. ^[20]
Restaurant & QSR push: SoundHound is partnering with Acrelec to bring voice‑AI drive‑thru systems to quick‑service restaurants worldwide and is rolling out AI‑powered phone ordering across all Red Lobster locations. ^[21]
Automotive deployments: The company’s voice assistant is rolling out in select Jeep vehicles in Europe, deepening its presence in the in‑car assistant market. ^[22]

These moves support the “platform” narrative: SoundHound isn’t just a single app; it wants to be the voice layer behind call centers, drive‑thrus, and in‑car systems — all powered by agentic AI capable of listening, reasoning, and taking actions autonomously. ^[23]

From a stock‑story perspective, these partnerships help offset commoditization fears by emphasizing complete solutions (agents, analytics, workflow automation) rather than narrow speech‑to‑text tools.

Institutional Interest: Big Money Is Still Paying Attention

Another notable development today: institutional accumulation.

A recent regulatory filing shows that Rockefeller Capital Management L.P. purchased about 634,744 shares of SOUN, signaling that at least some long‑term investors still see upside in the business despite the heightened volatility. ^[24]

Large institutional buyers don’t guarantee future gains, but they do validate that SOUN remains investable at scale and can attract deep‑pocketed shareholders who are comfortable with high‑risk growth stories.

Technical Picture: Oversold, Volatile, and Outside Classic Buy Zones

From a technical standpoint, SOUN is in a high‑risk, high‑volatility zone:

A widely followed technical research site notes that SOUN has been a “sell” or even “strong sell” candidate since late October, with the stock falling more than 30% since that signal and showing daily swings exceeding 10–15%. ^[25]
The same analysis highlights RSI readings in deeply oversold territory, suggesting the stock could be primed for a sharp short‑term bounce, even within a broader downtrend. ^[26]

On the flip side, Investor’s Business Daily recently flagged SoundHound as a stock with strengthened relative performance, raising its Relative Strength (RS) Rating from 80 to 85. This indicates that over the past 12 months, SOUN has still outperformed most stocks, despite the recent correction — but it also notes that the stock is now extended beyond traditional buy ranges after breaking above a prior base. ^[27]

What this means in plain language:

Traders watching charts see conflicting signals:
- Oversold momentum that could fuel short‑term rallies
- Broken support and elevated risk if the selling continues and there’s little price history below current levels

For anyone trading SOUN, position sizing and risk management matter more than usual.

The Core Debate: Commodity AI vs. Differentiated Platform

Today’s price action is a small piece of a larger debate about where value accrues in the AI stack.

Bearish arguments center on:

Commoditization of AI audio: As rival platforms make high‑quality voices and speech recognition widely available, customers may treat them as interchangeable utilities rather than premium products. ^[28]
Massive losses: With net losses far exceeding revenue, SoundHound may need to keep raising capital or slow growth, either of which could pressure the stock. ^[29]
Execution risk on acquisitions: Integrating Interactions and scaling Amelia 7 across multiple industries is complex and could distract management. ^[30]

Bullish arguments focus on:

Explosive demand for conversational AI agents, especially in call centers, drive‑thrus, and financial services, where automation can dramatically cut costs and improve service levels. ^[31]
Strong strategic positioning, with IDC recognizing Amelia 7 as a leader among general‑purpose AI platforms and a growing patent portfolio (nearly 400 patents post‑acquisition). ^[32]
A sizeable cash cushion and no debt, which provide real, tangible optionality if management executes well. ^[33]

Today’s slight decline doesn’t settle that debate; it just extends the tug‑of‑war between growth optimism and margin realism.

What Today’s Move Means for SOUN Investors

For readers tracking SOUN on November 21, 2025, here’s how to frame today’s action:

The story is still very much alive. SoundHound is growing revenue quickly, winning enterprise deals, and sitting on a lot of cash.
The stock is high‑beta and sentiment‑driven. A month‑long 38% slide following a big run‑up shows how fast the narrative can flip in AI stocks. ^[34]
Valuation and profitability are the pivot points. With GAAP losses dramatically larger than revenue, the market is demanding a clearer path to sustainable margins. ^[35]
Technicals suggest potential for sharp moves in both directions. Oversold momentum can spark squeezes, but weak support below current levels leaves room for further downside. ^[36]

Final Thoughts and Disclaimer

SoundHound AI (SOUN) remains one of the purest public plays on conversational AI, and today’s modest decline comes against a backdrop of:

Strong revenue growth and raised guidance
Large, but manageable, losses — for now
Intense debate over whether AI audio is a defensible business or a future commodity

For traders, SOUN is likely to stay a high‑volatility vehicle tethered to news flow, technical levels, and AI sentiment. For longer‑term investors, the key questions after today’s move are:

Can SoundHound turn its enterprise partnerships into durable, high‑margin recurring revenue?
Will Amelia 7 and the broader Agentic+ platform stay ahead of rivals as AI voice tools spread?
How quickly can the company narrow its losses without stalling growth?

This article is for informational and educational purposes only and does not constitute financial, investment, or trading advice. Always do your own research and consider consulting a licensed financial professional before making investment decisions.