Latest news with #Fish
Yahoo
6 days ago
- Business
- Yahoo
Why Shares of SoundHound AI Are Soaring Today
Piper Sandler initiated coverage on the stock with an outperform rating. Analysts at Piper see a growing serviceable market and expect the company to transition to more of a subscription model. 10 stocks we like better than SoundHound AI › Shares of the voice-powered artificial intelligence (AI) company SoundHound AI (NASDAQ: SOUN) traded nearly 13% higher as of 11:18 a.m. ET today. Analysts at Piper Sandler initiated coverage of the stock Tuesday morning with an overweight rating. Piper Sandler analyst James Fish wrote in his initiation note that SoundHound, which provides advanced AI voice assistants, is a great way to play the AI trade, and the company has just begun to tap into its potential. He added that he sees a combined $30 billion serviceable addressable market by 2027. Furthermore, Fish and his team expect SoundHound to transition to more of a subscription model, in which revenue from this segment of the business could make up 90% of total revenue in just a few years. Two years ago, subscription revenue represented just 4% of total sales. Fish has a price target on the stock of $12, implying another 12% upside, even after this recent rally. SoundHound AI certainly looks to have a long runway and is making financial progress as well. Revenue in the first quarter of 2025 grew more than 150% year over year, while the company reported $0.31 earnings per share and a $0.06 loss per share on an adjusted basis. With a $4.3 billion market cap, the stock is still expensive, so like many of my recommendations on these AI stocks with big potential, you can start to accumulate shares but don't need to go all in just yet. Before you buy stock in SoundHound AI, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and SoundHound AI wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $639,271!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $804,688!* Now, it's worth noting Stock Advisor's total average return is 957% — a market-crushing outperformance compared to 167% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of May 19, 2025 Bram Berkowitz has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. Why Shares of SoundHound AI Are Soaring Today was originally published by The Motley Fool Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
6 days ago
- Business
- Yahoo
SoundHound AI (SOUN) Stock Trades Up, Here Is Why
Shares of voice AI recognition company SoundHound (NASDAQ:SOUN) jumped 12.6% in the morning session after Piper Sandler analyst James Fish initiated coverage on the stock with a Buy rating and a $12 price target. He viewed SoundHound as a compelling AI play, driven by its voice AI platform and exposure to expanding markets like IoT and automotive tech. Fish highlighted strong growth potential due to low current market penetration, rising average selling prices, and new customer wins. However, he noted short-term risks from declining auto production and reduced customer exposure that could temporarily impact performance. Is now the time to buy SoundHound AI? Access our full analysis report here, it's free. SoundHound AI's shares are extremely volatile and have had 92 moves greater than 5% over the last year. But moves this big are rare even for SoundHound AI and indicate this news significantly impacted the market's perception of the business. The biggest move we wrote about over the last year was 3 months ago when the stock dropped 29.4% on the news that a 13F filing from Nvidia revealed that the chipmaker sold its stake in the company. The market reaction suggested investors saw Nvidia's involvement as a vote of confidence, and its exit has introduced uncertainty. SoundHound AI is down 46.3% since the beginning of the year, and at $10.82 per share, it is trading 55.3% below its 52-week high of $24.23 from December 2024. Investors who bought $1,000 worth of SoundHound AI's shares at the IPO in April 2022 would now be looking at an investment worth $1,443. Unless you've been living under a rock, it should be obvious by now that generative AI is going to have a huge impact on how large corporations do business. While Nvidia and AMD are trading close to all-time highs, we prefer a lesser-known (but still profitable) semiconductor stock benefiting from the rise of AI. Click here to access our free report on our favorite semiconductor growth story. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
San Francisco Chronicle
6 days ago
- Sport
- San Francisco Chronicle
Warriors' Steph Curry commits to play in Lake Tahoe golf tournament
Golden State Warriors guard Stephen Curry will return to the shores of Lake Tahoe in July, potentially trying to make another closing 3. That's what Curry memorably did two years ago in the American Century Championship. His eagle on the 54th and final hole, a par-5, vaulted him to a dramatic victory in the marquee celebrity golf tournament. And now he's back. Curry has officially committed to play in this year's event (July 11-13) at Edgewood Tahoe in Stateline, Nev., the Chronicle has learned. Tournament officials will make the announcement Tuesday. This will be Curry's first appearance in the event since he earned his inaugural victory in July 2023. He didn't return to 'defend' his title because he was busy with the U.S. men's national basketball team last summer, preparing for the Paris Olympics. That worked out fairly well for Curry, whose torrid shooting in the semifinals and finals helped his team secure the gold medal. Curry and former pro tennis player Mardy Fish both return to Edgewood as reigning champs, in a sense. Curry's final-hole eagle in '23 (on an 18-foot putt) pushed him past Fish, and then last year Fish won the tournament for the second time. Two years ago, Curry built his wire-to-wire win on four eagles. That included a second-round hole-in-one on No. 7, punctuated by his impromptu, exuberant, 152-yard sprint from the tee to the hole. Curry finished with 75 points in the modified Stableford scoring system, to beat Fish (73) and former San Jose Sharks standout Joe Pavelski (66). Curry's passion for golf has prompted him to play on what is now known as the Korn Ferry Tour; fund the men's and women's programs at Howard University; and establish the Underrated Tour, a junior golf circuit seeking to create a pathway to the pros for underrepresented players. But his crowning achievement in his second sport came two years ago at Edgewood. 'I've always dreamt of this: 18th green, before a crowd like this,' Curry said after rolling home his triumphant putt. 'I still can't believe I made it. That was the most fun I've ever had on a golf course.' Curry contended in previous years of the celebrity tournament, finishing as high as fourth. This year's field of 90 golfers features a strong San Francisco 49ers flavor. Tight end George Kittle will make his first appearance in the event, along with teammate Kyle Juszczyk. Hall of Famers Steve Young and Jerry Rice, both regular participants, also will compete. Top golfers who figure to challenge Curry and Fish include Pavelski, former LPGA star Annika Sorenstam, former Cowboys quarterback (and three-time winner) Tony Romo and baseball Hall of Famer John Smoltz. Curry's dad, Dell, and brother, Seth, also are in the field.
Yahoo
21-05-2025
- Science
- Yahoo
Rare Nevada fish 'staring down the barrel of extinction' could earn endangered species protections
An olive-colored minnow only found in southwestern Nevada is one step closer to life-saving federal protection after years of advocacy. The Fish Lake Valley Tui Chub, which gets its name from its threatened habitat in Esmeralda County, Nevada, is an olive-brass fish only found in a single spring and a pond outside its native range, according to the Center for Biological Diversity. The U.S. Fish and Wildlife Service (USFWS) says the fish species' historic range included other bodies of water near Dyer, Nevada, but other populations have all expired. Changes in the Earth's climate dried up the Fish Lake Valley Tui Chub's larger habitat more than 500,000 years ago, isolating them to a small spring on the valley floor. Cut The Head Off This Invasive Python-looking Fish If You See It, Conservationists Say On Wednesday, the U.S. Fish and Wildlife Service filed a petition to list the fish as endangered under the Endangered Species Act of 1973. This milestone is years in the making. In March 2021, the Center for Biological Diversity petitioned the U.S. Fish and Wildlife Service to list the fish as an endangered species. A 2022 study by the USFWS found the petition warranted further action. According to the USFWS petition, experts have determined that the small fish is threatened by agricultural production and land management practices, the effects of climate change on its habitat, and competition with invasive species. Great Basin Director for the Center for Biological Diversity Patrick Donnelly said in a statement that the rare fish could become extinct because of groundwater pumping for agriculture, including alfalfa for livestock. Arctic Sets Record For Smallest Winter Ice Coverage "The Fish Lake Valley Tui Chub is staring down the barrel of extinction, and only the Endangered Species Act can save it now," Donnelly said. "We're going to keep fighting to save it and the remarkable biodiversity of Fish Lake Valley." The Center for Biological Diversity said impending mining and energy projects in the area will only worsen matters. The center filed a lawsuit to stop the Rhyolite Ridge lithium mine from moving forward because of its threats to biodiversity. "The Fish Lake Valley Tui Chub is barely clinging to existence. I'm thrilled these fish are poised to get the life-saving protections they urgently need," said Donnelly. "Nevada has already lost so many native fish species. We can't afford any more extinction."The petition from the USFWS opens a 60-day comment period before further article source: Rare Nevada fish 'staring down the barrel of extinction' could earn endangered species protections
The Star
17-05-2025
- Health
- The Star
Indonesia foils attempt to smuggle its protected and precious seahorse species in Riau Islands
JAKARTA (Xinhua): Indonesia's Animal, Fish, and Plant Quarantine Centre in Riau Islands province thwarted an attempt to smuggle its precious and protected seahorse species, a senior official has announced. The dried seahorses, weighing 20 kg in total, were concealed in snack packaging in four suitcases, according to Herwintarti, head of the centre. The smuggled species were carried by a foreign national from Egypt, she noted. "The suspect admitted to obtaining these seahorses through a transaction made via a trading group on Facebook," she said. Investigations revealed that the seized seahorses belong to three protected species. There is a great demand for these to make traditional Chinese traditional medicine. All seahorses are now now classified as Grade II nationally protected species in China, but large shipments are smuggled in from South East Asia. It is believed that seahorses have the potential to cure infertility, baldness, asthma and arthritis. - Xinhua
