Looking at SOUN’s year-to-date chart on Yahoo Finance, the stock has rallied over 80%, outperforming most AI peers. Such steep climbs often attract profit-taking, so near-term consolidation around the $3.10–$3.20 range is possible. While SoundHound remains in growth mode, Mohajer said the company aims to achieve adjusted EBITDA profitability by the end of fiscal year 2025. Ultimately, if adoption of multimodal AI accelerates, SoundHound’s early lead could give it a sustainable edge. However, investors will need to watch closely whether this differentiation translates into lasting profitability. SOUN closed Wednesday’s session with a 3.5% gain, according to Yahoo Finance, driven by positive AI sector news. Trend indicators suggest continued upward momentum if macro sentiment toward AI equities remains strong.