SoundHound AI (NASDAQ: SOUN) shares have plummeted 71% from their intraday high of $22.17 in October 2025 (as of September 9 closing price). However, analysts note that the company's business has performed significantly better than its stock, making the shares attractive despite their speculative nature. In Q2, SoundHound AI's revenue grew 45% year-over-year to $61.9 million, and its adjusted EBITDA loss improved 33% year-over-year to $9.6 million. The company ended Q2 with $203 million in cash and no debt, and expects fiscal 2026 revenue to be between $230 million and $260 million, with 2027 revenue projected to reach $350 million to $400 million after acquiring LivePerson on September 4.