markets

Hyunsoo Rim2/28/25

SoundHound jumps as much as 15% after earnings beat, finding gains even after growth stocks got thumped

SoundHound, the AI voice tech company, surged in trading on Friday after crushing Q4 earnings and raising its 2025 outlook. Revenue doubled year over year to $34.5 million — its “strongest quarter on record,” per CEO Keyvan Mohajer — beating analyst estimates of $33.7 million. Adjusted EPS came in at a loss of $0.05 per share, topping Wall Street’s expected $0.08 per share loss, according to Barron’s. The surge came despite many other high-flying growth stocks coming under intense scrutiny after yesterday’s sell-off.

After going public in 2022, SoundHound AI spent nearly two years as a penny stock — until it got a major bump in February 2024, when AI darling Nvidia disclosed a stake in the company, catalyzing a staggering 800% run-up in its shares last year.

2025 started off rough, with shares sliding ~30% — but the bigger blow came two weeks ago when an SEC filing revealed that Nvidia had completely shed its stake in Q4, triggering a ~28% single-day drop. Mohajer brushed off the panic, calling it “a bit of an overreaction,” in an interview with Barron’s.

Specializing in voice AI for businesses, SoundHound currently automates customer orders at over 10,000 restaurants in the US, including Chipotle and Jersey Mike’s. In January, the company unveiled an in-car voice commerce platform that allows drivers to order and pay for takeout hands-free — though investors weren’t impressed, with shares dipping 10% after the announcement.

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General Fusion CEO Greg Twinney spoke with Sherwood News from the Nasdaq during the stock’s first day of trading.

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markets

J. Edward Moreno7/7/26

SpaceX gets a wave of bullish ratings from Wall Street analysts

SpaceX received more than a dozen positive analyst calls on Tuesday — including from major Wall Street banks — as they initiate coverage on Elon Musk’s space and AI company.

SpaceX went public on June 12 at a $2.2 trillion valuation, the largest debut in history. While the company hasn’t yet posted a profit, it seems to have convinced Wall Street that it will get there and grow its valuation on the way.

Of the at least 17 analysts that gave a rating on Tuesday, all but one gave it a “buy” or “outperform” rating. MoffettNathanson was "neutral."

The ratings come as SpaceX joined the Nasdaq 100 index, a benchmark tech-heavy basket of companies that underpins millions of portfolios. The inclusion adds built-in demand for the stock from index funds and ETFs.

Still, SpaceX fell more than 5% on Tuesday amid a broader sell-off, and is currently effectively flat from its opening price of $150 a share.

US job growth falls far short of estimates in June; unemployment rate unexpectedly dips to 4.2%

Job growth was 57,000. Analysts foresaw job growth of 113,000; prediction markets were more optimistic, looking for job growth above 125,000 but below 150,000.

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Meta surges on report it’s starting a cloud business to sell excess AI compute

The story of the hyperscalers in 2026 has largely been “the beatings will continue until the cash flow outlook improves;” this could help change the story for Meta. Or not.

Meta CEO Mark Zuckerberg visits U.S. Capitol for Senate meetings

markets

Paige Oamek6/30/26

Nike sinks to lowest level since 2014 after warning of “challenged” sales environment in Q4 report

Did Nike do it?

Investors had a mixed reaction after the global sports apparel company reported its fourth quarter earnings on Tuesday after the bell. Shares initially rose 5% as Nike beat out Wall Street expectations amid a hefty tariff refund bonus. However, the stock then sank to its lowest level since August 2014 in postmarket trading.

Here are the Q4 numbers:

Revenue of $11.0 billion (estimate: $10.8 billion).
Adjusted earnings per share of $0.20 (estimate: $0.12).

Ahead of this report, Nike warned that results would be flattered by a one-time tariff refund (now estimated at roughly $0.52 per share for the bottom line). That gave the company an extra cushion in snapping its streak of seven quarters of year-over-year profit declines.

Over the past year, the company had been punished by tariffs on imported goods, stagnant consumer spending, and increasing competition from other footwear brands like New Balance, Adidas, and Hoka.

Outgoing CFO Matthew Friend deemed it an “increasingly challenging operating environment, where sell-through remains challenged.”

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