In the third quarter of 2025, SoundHound AI reported record revenue of US$42.05 million, up from US$25.09 million a year earlier, and raised its full-year revenue outlook to US$165 million–US$180 million.

The company’s strong sales momentum, alongside expansion through acquisitions and new enterprise contracts, comes despite ongoing losses and increased competition in its core markets.

We’ll examine how SoundHound’s raised annual revenue guidance and continued growth reshape its investment narrative and future outlook.

SoundHound AI Investment Narrative Recap

To own a stake in SoundHound AI, you need confidence that the accelerating adoption of voice and conversational AI globally will keep driving its revenue growth, even as competition intensifies and profitability remains elusive. The latest record revenue and raised guidance underscore strong sales momentum, but do not resolve the biggest near-term risk: persistent net losses that put pressure on the company’s ability to eventually deliver sustained profits. For now, SoundHound’s growth trajectory and cash balance remain the most important short-term catalysts, and the impact of the recent earnings beat does not materially change these factors.

Among the recent developments, the expanded partnership with Telarus is most relevant, complementing SoundHound’s push to scale its Amelia 7 agentic AI platform across new verticals. This deal could support customer diversification and help offset lumpy revenue cycles, but whether it can contribute meaningfully to margin improvement or reduce reliance on large, unpredictable contracts remains to be seen. The announcement aligns closely with SoundHound’s narrative of broadening its enterprise reach to maintain growth momentum.

Yet, in contrast, there’s an ongoing issue that investors should be aware of: SoundHound’s high losses and reliance on large deals remain key risks that…

SoundHound AI’s outlook anticipates $308.5 million in revenue and $40.4 million in earnings by 2028. This implies a 32.9% annual revenue growth rate and an increase in earnings of $265.8 million from the current level of -$225.4 million.

Exploring Other Perspectives

Fourteen fair value estimates from the Simply Wall St Community range from US$3.41 to US$28.58 per share, reflecting wide-ranging expectations. Against this backdrop, persistent net losses could influence whether optimistic growth scenarios are realized, review other perspectives for a fuller picture.

Build Your Own SoundHound AI Narrative

Disagree with existing narratives? Create your own in under 3 minutes – extraordinary investment returns rarely come from following the herd.

• A great starting point for your SoundHound AI research is our analysis highlighting 1 key reward and 3 important warning signs that could impact your investment decision.
• Our free SoundHound AI research report provides a comprehensive fundamental analysis summarized in a single visual – the Snowflake – making it easy to evaluate SoundHound AI’s overall financial health at a glance.

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Walt Disney (DIS) just posted its fiscal fourth-quarter results, showing strong earnings growth and improved profitability in its streaming division. Investors took notice as adjusted earnings climbed and shareholder returns increased.

Despite upbeat earnings, Disney’s share price return over the past year has stayed in negative territory, down more than 5% year-to-date and showing a 1-year total shareholder return of -7.6%. Recent momentum has faded a bit after a brief bounce in the summer, as investors weigh streaming profit improvements against lingering uncertainty in traditional media. In the bigger picture, long-term performance is still hampered by the 5-year total shareholder return of -28.6%. Management’s focus on cash flow and dividends is a signal the company’s pivot is well underway.

If you’re curious to discover more media giants and innovators, now is a good moment to broaden your search and check out fast growing stocks with high insider ownership

With analyst price targets well above current levels and continued earnings growth, there is debate over whether Disney shares are undervalued or if the recent improvements are already reflected in the stock price. Investors are considering whether there is a real buying opportunity or if the market already expects future gains.

Most Popular Narrative: 20% Undervalued

According to Cashflow_Queen’s widely followed narrative, Walt Disney’s estimated fair value sits significantly above the last close price. If their forecasts prove right, investors could be looking at meaningful upside ahead based on key business growth engines.

ESPN remains the most valuable live sports platform, and its evolving partnership with the NFL is a game changer. Exclusive rights, expanded streaming packages, and the launch of ESPN Unlimited could make Disney the default home for professional football. The NFL partnership extends beyond linear broadcasts to streaming exclusives, international rights, and integrated advertising packages, creating enormous revenue upside.

Want a peek at the revenue and margin assumptions fueling this bold fair value target? The narrative promises a surge in digital sports, blockbuster pipelines, and billions in cash flow potential. Ready to see what projections its supporters believe will put Disney’s shares back in the spotlight?

Result: Fair Value of $131.50 (UNDERVALUED)

However, rising sports rights costs or disappointing streaming growth could pressure profits and challenge Disney’s ability to deliver on these bullish assumptions.

Another View: SWS DCF Model Suggests Less Upside

While some see big potential, our SWS DCF model paints a more cautious picture. According to this approach, Disney is trading right around its estimated fair value of $104.35 per share. This presents a contrast with the more optimistic narrative projections. Could the real opportunity be smaller than forecast, or are future catalysts simply not captured in this model?

Simply Wall St performs a discounted cash flow (DCF) on every stock in the world every day (check out Walt Disney for example). We show the entire calculation in full. You can track the result in your watchlist or portfolio and be alerted when this changes, or use our stock screener to discover 897 undervalued stocks based on their cash flows. If you save a screener we even alert you when new companies match – so you never miss a potential opportunity.

Build Your Own Walt Disney Narrative

If you want to test your own ideas or chart a different story, it’s easy to build your own view from the data in just a few minutes. Do it your way

A good starting point is our analysis highlighting 4 key rewards investors are optimistic about regarding Walt Disney.

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Meta has prevailed over an existential challenge to its business that could have forced the tech giant to spin off Instagram and WhatsApp after a judge ruled that the company does not hold a monopoly in social networking.

US District Judge James Boasberg issued his ruling on Tuesday after the historic antitrust trial wrapped up in late May. His decision runs in sharp contrast to two separate rulings that branded Google an illegal monopoly in both search and online advertising, dealing regulatory blows to the tech industry that for years enjoyed nearly unbridled growth.

The Federal Trade Commission “continues to insist that Meta competes with the same old rivals it has for the last decade, that the company holds a monopoly among that small set, and that it maintained that monopoly through anticompetitive acquisitions,” Boasberg wrote in his ruling. “Whether or not Meta enjoyed monopoly power in the past, though, the agency must show that it continues to hold such power now. The Court’s verdict today determines that the FTC has not done so.”

The federal agency had argued that Meta maintained a monopoly by pursuing an expression CEO Mark Zuckerberg made in 2008: “‘It is better to buy than compete.’

“True to that maxim, Facebook has systematically tracked potential rivals and acquired companies that it viewed as serious competitive threats,” said the agency.

During his April testimony, Zuckerberg pushed back against claims that Facebook bought Instagram to neutralise a threat. In his line of questioning, FTC attorney Daniel Matheson repeatedly brought up emails — many of them more than a decade old — written by Zuckerberg and his associates before and after the acquisition of Instagram.

While acknowledging the documents, Zuckerberg has often sought to downplay the contents, saying he wrote the emails early in the acquisition process and that the notes did not fully capture the scope of his interest in the company. But the case was not about the acquisitions of Instagram and WhatsApp more than a decade ago, which the FTC approved at the time, but about whether Meta holds a monopoly now. Prosecutors, Boasberg wrote in the ruling, could only win if they proved “current or imminent legal violation”.

The FTC’s complaint said Facebook also enacted policies designed to make it difficult for smaller rivals to enter the market and “neutralise perceived competitive threats”, just as the world shifted its attention to mobile devices from desktop computers.

BEIJING (Reuters) -Nvidia’s move to use smartphone-style memory chips in its artificial intelligence servers could cause server-memory prices ​to double by late 2026, according to a report published on Wednesday by ‌Counterpoint Research.

In the past two months, electronics supply chains around the world have been hit by a shortage ‌of legacy memory chips as manufacturers turned their focus to high-end memory chips suited to semiconductors designed for AI applications.

But Counterpoint, a technology-focused market research firm, said there is a new problem on the horizon. Nvidia recently decided to reduce AI server power costs by ⁠changing the kind of memory chip ‌it uses to LPDDR, a type of low-power memory chip normally found in phones and tablets, from DDR5, which are typically ‍used in servers.

Nvidia is scheduled to release its earnings report later on Wednesday.

Because each AI server needs more memory chips than a handset, the change is expected to create sudden demand that the ​industry is not equipped to handle, according to Counterpoint.

Memory suppliers like Samsung Electronics, SK ‌Hynix and Micron are already facing shortages of older dynamic random-access memory products after reducing production to focus on high-bandwidth memory, which is necessary to make the advanced accelerators that power the global AI boom.

Counterpoint said tightness at the low end of the market is at risk of spreading upward as chipmakers weigh whether to divert more factory capacity to ⁠LPDDR to meet Nvidia’s needs.

“The bigger risk ​on the horizon is with advanced memory, as Nvidia’​s recent pivot to LPDDR means they’re a customer on the scale of a major smartphone maker – a seismic shift for the supply ‍chain which can’t easily ⁠absorb this scale of demand,” Counterpoint said.

The firm said it expected prices for server-memory chips to double by the end of 2026.

Higher server-memory prices ⁠would raise costs for cloud providers and AI developers, potentially adding pressure to data-centre budgets that are ‌already stretched by record spending on graphics processing units and power upgrades.

Traveling during the holidays can be chaotic and loud, but a quality pair of over-ear headphones can provide much-needed peace and quiet on your journey. Fortunately, you can currently snag Bose’s QuietComfort Headphones on sale at Amazon for an all-time low of $169.99 ($180 off) in select colors. That’s more than 50 percent off the MSRP, and handily beats their previous low of $199.99.

The QC Headphones are a great option in the company’s broader lineup of headphones and earbuds, which also includes the pricier QC Ultra Headphones, QC Ultra Earbuds, and entry-level QC Earbuds. The standard QC Headphones preserve the lightweight design of the last-gen QuietComfort 45 and include Bose’s terrific noise cancellation, so you can block out your snoring seat neighbor on the plane.

The QC Headphones allow you to quickly toggle between blocking out the outside world and letting ambient noise in, which is a nice feature when you need to hear a boarding call. Additionally, they support multipoint connectivity, allowing them to be paired with two devices simultaneously. They also offer up to 24 hours of battery life, so you’ll be able to get through a long travel day when an outlet isn’t nearby. And when you do make it to your destination, they fold up neatly, making it easier to store them in your bag.

Although we haven’t reviewed this specific model, Bose headphones consistently offer some of the best comfort around, along with top-tier ANC. If you’re looking for the best of the best, though, the QC Ultra Headphones are one of our favorite pairs for travel — and you can grab the first-gen model for just $298 ($131 off) at Amazon right now, which is the lowest price we’ve seen in months. The step-up headphones offer more immersive spatial audio, a feature that can fine-tune the audio and noise cancellation to your ears, and sensors to pause / resume music when you take the headphones off or put them on.

SAN FRANCISCO (Reuters) -Chip manufacturer GlobalFoundries said on Monday it has acquired Advanced ​Micro Foundry (AMF), a Singapore-based chipmaker ‌that focuses on silicon photonics, a fast-growing field that is being ‌used in artificial intelligence data centers and quantum computers.

GlobalFoundries did not disclose financial details of the deal.

Silicon photonics technology can be used to integrate traditional computing chip technologies with optical networking technologies that use pulses ⁠of light to transmit ‌data. The field is growing quickly, with Nvidia working with Taiwan Semiconductor Manufacturing to package together ‍some of its networking chips with optical connections.

A range of well-funded Silicon Valley startups such as Ayar Labs, Celestial AI and Lightmatter ​are also pursuing the optical connections between chips, some ‌of them using GlobalFoundries as a manufacturer.

GlobalFoundries is already a major player in silicon photonics, helping startups such as PsiQuantum, which is constructing a quantum computer in Chicago, build its photonic-based chips. With the acquisition of AMF, GlobalFoundries said ⁠it believes it will be the world’​s largest silicon photonics maker and ​that it will establish a new research center in Singapore.

“As data moves faster and workloads grow more complex,‍ the ability ⁠to move information with greater speed, precision and power efficiency is now fundamental to AI data centers and advanced ⁠telecom networks,” Tim Breen, CEO of GlobalFoundries, said in ‌a statement.

(Bloomberg) — Japanese self-driving tech startup Turing Inc. raised about ¥15.3 billion ($99 million) from investors including Toyota Motor Corp. supplier Denso Corp., underscoring growing interest in the company’s artificial intelligence technology.

The Tokyo-based company’s valuation nearly quadrupled from a year ago after the Series A funding round, which valued it at about $388 million, people familiar with the matter said, asking not to be identified as the details are private. The round included a ¥5.5 billion syndicated loan, according to a company statement Monday.

Turing was co-founded by Issei Yamamoto, one of Japan’s best-known AI developers, who rose to fame after his algorithm defeated the top-ranked player of Japanese chess in 2017. The startup, set up in 2021, aims to build a fully self-driving automotive system and now employs about 85 people, mostly engineers.

“It’s the technology that’s difficult to perfect, not the business model,” Yamamoto said in an interview. “The message from companies like Denso is that once the technology is there, they’d be eager to support mass production.”

Turing is in talks with multiple companies in the auto supply chain including Denso about partnering up to manufacture self-driving vehicles, according to Yamamoto. While Turing’s AI model can be adapted to any type of vehicle, it will most likely be first used in high-end cars, he said.

Like Tesla Inc. and UK-based Wayve Technologies Ltd. , Turing seek to achieve full automation by training a neural network, rather than relying on rule-based algorithms, which have limited capability when handling complex tasks and unusual scenarios. But autonomous driving technology has proved challenging, littered by accidents and exits.

Yamamoto is relying on more than 50 top AI engineers to get Turing’s technology over the line, while working with Nvidia Corp. on what is now referred to as end-to-end autonomous driving. He is also betting that the company’s AI model — if successful — could help it leapfrog global rivals and attract strong demand from automakers hungry for better self-driving systems.

The startup — whose office sports a banner that reads, “We Overtake Tesla” — aims to introduce a fully autonomous system through commercial vehicles in 2029. While the goal is to have more than 10,000 vehicles powered by Turing’s AI model by 2030, the exact number would depend on negotiations with the automakers that take on the manufacturing.

At home, Toyota is exploring a collaboration with Alphabet Inc.’s Waymo on autonomous-driving tech, while Honda Motor Co. has teamed up with Helm.ai Inc. to develop self-driving capabilities.

“We’re one of the very few in Japan working on physical AI,” Yamamoto said. “And we have cutting-edge technology in this field — we’re going to win that competition, globally.”

Just a little more than a month after reaching an all-time high, Bitcoin has erased the more than 30% gain registered since the start of the year as the exuberance over the pro-crypto stance of the Trump administration fades.

The dominant cryptocurrency fell below $93,714 on Sunday, pushing the price beneath the closing level reached at the end of last year, when financial markets were rallying following President Donald Trump’s election victory. Bitcoin soared to a record $126,251 on Oct. 6, only to begin tumbling four days later after unexpected comments on tariffs by Trump sent markets into a tailspin worldwide.

The token pared losses to trade at $94,869 as of 8:39 a.m. on Monday in Singapore.

“The general market is risk-off,” said Matthew Hougan, the San Francisco-based chief investment officer for Bitwise Asset Management. “Crypto was the canary in the coal mine for that, it was the first to flinch.”

Over the past month, many of the biggest buyers — from exchange-traded fund allocators to corporate treasuries — have quietly stepped back, depriving the market of the flow-driven support that helped propel the token to records earlier this year. At the same time, the recent cooling of high-flying technology stocks has led to a drop in overall risk appetite.

For much of the year, institutions were the backbone of Bitcoin’s legitimacy and its price. ETFs as a cohort took in more than $25 billion, according to data compiled by Bloomberg, pushing assets as high as roughly $169 billion. Their steady allocation flows helped reframe the asset as a portfolio diversifier — a hedge against inflation, monetary debasement and political disarray. But that narrative — always tenuous — is fraying afresh, leaving the market exposed to something quieter but no less destabilizing: disengagement.

“The selloff is a confluence of profit-taking by LTHs, institutional outflows, macro uncertainty, and leveraged longs getting wiped out,” said Jake Kennis, senior research analyst at Nansen. “What is clear is that the market has temporarily chosen a downward direction after a long period of consolidation/ranging.”

One of the starkest examples of a buying strike in the digital-asset community comes from Michael Saylor’s Strategy Inc., the software firm turned Bitcoin hoarder. Once the poster child for corporate treasury crypto plays, its stock is now flirting near parity to its Bitcoin stash — a sign that investors are no longer willing to pay a premium for Saylor’s high-conviction leverage model.

Boom and bust cycles have been a constant since Bitcoin burst into the mainstream consciousness with a more than 13,000% surge in 2017, only to be followed by a plunge of almost 75% the following year.

“The sentiment in crypto retail is pretty negative,” said Hougan, who sees the current pullback as a buying opportunity. “They don’t want to live through another 50% pullback. People are front-running that by stepping out of the market.”

Bitcoin, which accounts for almost 60% of crypto’s roughly $3.2 trillion in market value, has whipsawed investors throughout the year, dropping to as low as $74,400 in April as Trump unveiled his tariffs, before rebounding to record highs ahead of the latest retreat. One recent hit came in the form of a surprise tariff announcement by Trump that triggered record liquidations on Oct. 10.

Bitcoin and the wider crypto market has struggled to recover since. The damage done to traders’ psyche in that selloff “is still holding the big players back and it will take time and a consistent push higher for many to forgive and forget,” said Chris Weston, head of research for Pepperstone Group.

The market downturn has been even tougher on smaller, less liquid tokens that traders often gravitate toward because of their higher volatility and typical outperformance during rallies. A MarketVector index tracking the bottom half of the largest 100 digital assets is down around 60% this year.

“The markets are always an ebb and flow, and cyclicality in crypto is nothing new,” said Chris Newhouse, director of research at Ergonia, a firm specializing in decentralized finance. But “amongst friends, Telegram chats, and at conferences, the general sentiment I’ve received shows skepticism around capital deployment, and no natural bullish catalysts.”

Gold prices fell 1% on Thursday, pulling back from a three-week high earlier in the session amid a broad market sell-off following the reopening of the U.S. government.

Spot gold lost 1.1% to $4,151.86 per ounce. Elsewhere, spot silver fell 2.3% to $52.18 after rising to its highest level since October 17 earlier in the session.

U.S. gold futures for December delivery settled 0.5% lower at $4,194.50.

The U.S. government will resume operations after a record 43-day shutdown, under an agreement that funds federal operations through January 30.

“Precious metals are caught in a widespread selloff, where stocks, bonds, the dollar, and crypto are all under pressure and in the red,” said Tai Wong, an independent metals trader.

“It’s a classic buy-the-rumor, sell-it-all after the U.S. government re-opens.”

Earlier in the session, spot gold hit a session high of $4,244.94, the highest level since October 21.

Initially, gold and silver markets rallied on the expectation that economic data released after the end of the shutdown will reveal U.S. labor market weakness and push the Fed toward at least one December rate cut, said Jim Wyckoff, senior analyst at Kitco Metals.

However, citing worries about inflation and signs of relative stability in the labor market after two U.S. interest rate cuts this year, a growing number of Federal Reserve policymakers are signaling reticence on further easing.

Private surveys have indicated job market weakness.

While the U.S. central bank reduced rates last month, Fed Chair Jerome Powell cautioned that further easing this year was not guaranteed, partly due to a lack of data.

Lower interest rates typically benefit gold, which offers no yield and is often seen as a safe-haven asset during periods of economic uncertainty.

Platinum was down 2.8% at $1,569.65 and palladium fell 3.7% to $1,419.75.

Bitcoin fell below $95,000 multiple times Friday after losing 7.5% over the week.

An analyst told Decrypt that the sell-off appears to be a mid-cycle correction rather than the start of a full-blown bear market, as losses haven’t reached capitulation levels yet.

Market uncertainty stems from shifting Federal Reserve expectations, with traders now seeing only a 56.4% chance of unchanged rates in December compared to 94% odds of a cut just a month ago.

Bitcoin tumbled below $95,000 on Friday morning and looked like it had stabilized by the early afternoon—but then fell back below that mark again in the afternoon. Analysts told Decrypt that volatility from panicked short-term holders seems to have subsided, at least for now.

“The Bitcoin market is significantly influenced by the profitability of its newest participants, who represent fresh capital and liquidity. A dynamic price uptrend is typically sustained when these new investors are in profit, which builds market confidence,” popular pseudonymous CryptoQuant analyst CrazzyBlockk told Decrypt.

They explained that when short-term holders start to see 20% to 40% losses, it kicks off a period of panic selling.

“This level of pain has traditionally signaled a transition into full-scale capitulation phase,” they said. “Given the current loss level of this cohort, we remain distant from the classic signals of a macro bear market.”

But if new entrants can realize some gains, then support will build and the dip will be more of a “mid-cycle correction” rather than the beginning of a bear market, the analyst added.

Decrypt spoke with other analysts earlier on Friday, who varied in their reads on whether Bitcoin’s recent fall had kicked off the start of a bear market.

At the time of writing, Bitcoin was trading for $95,390 after having dropped 2.8% in the past day and 7.5% compared to last week. Liquidations in the past day have now topped $1 billion after Bitcoin slipped below $100,000 for the third time in a month. Before that stretch, the last time Bitcoin was trading for less than six figures was back in May.

Sentiment about the Federal Reserve’s last meeting of the year—and what it could mean for the federal interest rate—has been shifting. Aggregated derivatives data shows that traders think there’s a 56.4% chance that the Federal Open Markets Committee will leave rates unchanged on Dec. 9. Just a month ago, traders rated there was a 94% chance that the FOMC would cut rates again before 2026, according to the CME FedWatch Tool.

Typically, Bitcoin and risky assets, like equities, tend to benefit when the FOMC cuts interest rates, making safe assets like treasury bonds less appealing to investors.

But investor pessimism has been hitting crypto harder than stocks. Wintermute analysts said in a note shared with Decrypt that crypto’s been heavily negatively skewed compared to equity proxies like the Nasdaq 100.

“This macro rotation comes at a moment where the market already tested/defended the $100K level twice before, leading to a substantial push sub-$100K this time around,” they wrote.

Pepperstone Research Strategist Dilin Wu said the market isn’t yet showing signs of a sustained recovery, and so she advised that traders remain cautious in the near-term.

“Over the medium- to long-term, Bitcoin retains the potential to challenge new highs, but this hinges on sentiment improving, liquidity returning, and volatility easing,” she told Decrypt. “The four-year cycle still offers some reference, but it is far from a rule. I focus more on actual market participation and funding conditions than on purely cyclical patterns.”