**SoundHound AI Sees Volatile Stock Movements Ahead of Q3 Earnings Report**

SoundHound AI's stock experienced significant fluctuations on Tuesday as the company prepared to release its third-quarter earnings report. Early trading saw a surge in stock prices driven by investor optimism surrounding the continued adoption of its advanced conversational AI voice technology. However, this upward momentum did not last, as the stock faced a downturn by midmorning.

Based out of Santa Clara, California, SoundHound AI is anticipated to report its Q3 financial results after the market closes on Tuesday. Analysts surveyed by FactSet predict the company to report a loss of 7 cents per share on revenue of $23 million. This is an improvement compared to the same period last year, which saw a loss of 9 cents per share on sales of $13.3 million.

SoundHound's AI technology is deployed across various sectors, enhancing customer interaction in call centers, restaurant drive-thrus, and even integrated into vehicles and televisions. Notably, the stock made headlines on November 7 when it surged past a key buy point of 6.25, as per IBD MarketSurge charts. This increase was fueled by speculative reports that Taco Bell, a division of Yum Brands, might be using SoundHound's technology for its drive-thru operations.

During morning trading on Tuesday, SoundHound’s stock dropped over 4%, settling at 7.42. Nevertheless, the company is backed by significant ventures, including an investment from AI chip giant Nvidia, which contributed to a boost in its stock price back in February.

The company's journey to the public market began in April 2022 following a merger with a special-purpose acquisition company, starting its trading at 8.72. Additionally, SoundHound's voice technology is already in use by prominent restaurant chains such as Chipotle Mexican Grill, Jersey Mike's Subs, and White Castle, all of which underscore the diverse applications and growing adoption of its innovative solutions.