SoundHound AI Inc

SOUN remains in a Stage 4 decline characterized by sequential lower highs and lower lows beneath all major EMAs. The primary Support Failure pattern confirms loss of demand, but price is extended below declining EMAs and Oscillator readings sit in neutral territory, reducing the immediacy of fresh short entries. We will defer new shorts and focus on trimming into rallies up toward the 9/21 EMA resistance zone. A sustained close above the 21 EMA on rising volume would invalidate the medium-term bearish posture and prompt re-evaluation.

• ↑Revenue up 52% YoY to $44.2M in Q1 2026, driven by enterprise deals.
• ↑GAAP gross margin 31% (50% non-GAAP) reflects rising operating efficiency.
• ↓P/S ratio of ~15.4 vs. 3.3 industry average signals overvaluation.