On July 31, SoundHound AI Inc rose 8.25% in regular trading, trading at $6.175/share, with turnover of $105 million.
On the news front, SoundHound AI announced that MUSC Health has expanded deployment of its AI agent platform \"Emily\" into retail and specialty pharmacies, with patient call volume surpassing 2.2 million, demonstrating scalable adoption of voice AI in the healthcare sector. Simultaneously, the company is scheduled to report Q2 earnings on August 5, with market consensus expecting revenue growth of approximately 59.32% year-over-year, reflecting continued momentum in commercial deployment.
Further supporting the outlook, SoundHound AI was recently named a Leader in the Gartner Magic Quadrant for Conversational AI Platforms and received final regulatory clearance for its planned acquisition of LivePerson, which Wedbush estimates could contribute at least $100 million from existing long-tenured customers. The combined entity is projected to potentially reach $500 million in revenue from the current customer base alone, with the LivePerson deal expected to become a larger growth driver in fiscal 2027.
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