News · Yahoo Finance

SoundHound AI Slides 5% to Fresh Lows While C3.ai Climbs 4% on Northland Upgrade; UiPath Slips

SoundHound AI (SOUN) fell 5% to $5.14 in early trading, hitting fresh lows and down 48% so far this year. C3.ai (AI) climbed 4% to $11.98 after Northland Capital upgraded it to Outperform and raised its price target to $16, citing a new tool that lets customers build agentic applications using natural language. UiPath (PATH) slipped 2% to $13.26, the iShares Expanded Tech-Software ETF (IGV) dipped 0.8%, and the SPDR S&P 500 ETF (SPY) was virtually unchanged. SoundHound completed its stock-funded acquisition of LivePerson in early September, enlarging its share count while it still reports losses. It held $202.8 million in cash at the end of Q2 2026, and its revenue rose 45% year over year in Q2 2026.

Summary written by Upside AI from the original article. Read the source for full details.

Read the original on Yahoo Finance ↗

Related news

  • Euro slides to fresh lows against US dollar and British pound despite ECB rate hikes

    The euro fell to its weakest level against the US dollar since mid-May 2025 and against the British pound since early June 2025, despite two ECB rate hikes this year. Drivers include an energy shock, France's debt crisis and a stronger dollar, which hit an 18-month high after US inflation rose to 3.7% in September, above forecasts. The euro traded at about $1.111 on Wednesday and was down more than 5% since late August. The ECB's deposit rate stands at 2.5% after a hike on 10 September, while eurozone inflation climbed to 3.8%, a three-year high. The spread between French and German 10-year yields rose above 150 basis points, the most since the euro debt crisis around 2011, as France's 2027 budget aims to save about €54 billion.

    euronews.com·▲ DXY▼ EUR/USD
  • Euro slides to fresh lows against US dollar and British pound despite ECB rate hikes

    The euro fell to about $1.111 on Wednesday, its weakest against the US dollar since mid-May 2025, and to roughly £0.842 against the pound, its lowest since early June 2025, despite two ECB rate hikes this year. The slide reflects soaring energy costs, a bond market revolt over French public finances and a stronger dollar, after US inflation rose to 3.7% in September and the dollar index hit an 18-month high. The ECB's deposit rate is 2.5%, well below the Fed's 3.75-4%, while eurozone inflation has climbed to 3.8%. The spread on French 10-year debt over German 10-year debt rose above 150 basis points, the most since the euro debt crisis around 2011, as French public debt hit a record 119% of GDP. Traders expect the ECB to hold rates on 29 October before raising them again later in the year.

    aol.co.uk·▼ EUR/USD▲ DXY
  • Chipotle Slides 3% as Starbucks Rules Out Acquisition; Starbucks Stock Rises While McDonald's Stock Slips

    Chipotle shares fell 3% to $30.55 in morning trading after Starbucks said it is not pursuing an acquisition of the burrito chain, ending several days of takeover speculation that had lifted the stock. The SPY ETF was flat, so the drop was specific to Chipotle; McDonald's fell 0.8%, Yum! Brands rose 0.2% and Starbucks gained 1%. Chipotle owns and operates its restaurants, so its earnings depend on traffic, and visits to its restaurants have fallen; its Q3 2026 results are expected on October 28. The stock sits near its 52-week low of $28.04, against a high of $42.82.

    Yahoo Finance·
  • SoundHound AI Just Dropped 22% in a Month While Enterprise Software Rallied: Is It Time to Sell?

    SoundHound AI (SOUN) shares trade at $4.86, down 22% over the past month and 51% year to date, while the iShares Expanded Tech-Software Sector ETF (IGV) rose 10% and the SPDR S&P 500 ETF Trust gained 2% over the same period. Salesforce (CRM, $239.03) fell 3% and ServiceNow (NOW, $139.11) rose 5% in that month, so the article argues the decline is specific to SoundHound rather than a sector-wide selloff in AI agent companies. SoundHound earns revenue from deployment contracts with restaurant chains, automakers and contact-center operators, with each new customer win arriving one at a time, which leaves less buffer when sentiment turns. The article's key question is whether new deployments in these sectors will lift revenue growth enough to re-rate the stock.

    Yahoo Finance·
  • Walmart Climbs 3% on Deutsche Bank Upgrade; Costco and Target Tick Up

    Deutsche Bank upgraded Walmart to Buy and raised its price target, lifting WMT 3% to $119.39 in morning trading while the broader market and retail sector slipped. The SPDR S&P 500 ETF Trust (SPY) fell 0.3% to $767.54 and the SPDR S&P Retail ETF (XRT) fell 0.5% to $84.27. Target (TGT) rose 1% to $156.87 and Costco (COST) rose 1% to $993.75. Analyst Krisztina Katai points to building pricing tailwinds and accelerating market share, especially in food, along with growth in e-commerce, marketplace, advertising and membership. The article reads the move as a defensive shift, while noting that Walmart's gains could have less room to run if that rotation reverses.

    Yahoo Finance·
  • Salesforce Advances 3% on Bank of America Double Upgrade to Buy With $285 Target; ServiceNow Climbs 3%, Palantir Holds Steady

    Bank of America double-upgraded Salesforce from Underperform to Buy with a $285 price target, arguing that AI is unlikely to displace the enterprise platforms that hold customers' business logic and data. Salesforce rose 3% to $236.83 but is still down 9% year to date, while ServiceNow gained 3% to $144.39 and Palantir slipped 0.2% to $208.60. The article notes Salesforce trades at 14x forward earnings, versus 28x for ServiceNow and 85x for Palantir. Salesforce's Q2 FY27 revenue rose 10.8% to $11.35 billion and Agentforce annual recurring revenue exceeded $1.5 billion, but agent products have not yet reached reported revenue at scale, and earnings were helped by $2.61 billion in net gains on strategic investments. The article says the next quarterly report will be the clearest test of the upgrade thesis.

    Yahoo Finance·

Related markets

US stocks →

Latest news

  • Iran warns US and Israel

    Iran's Armed Forces Chief of Staff, Major General Ali Abdollahi, warned on October 18 that the US and Israel would face a far harsher response if they continue actions Tehran considers provocative. He said Tehran is awaiting their next moves and that Iran's armed forces remain ready for any scenario. Tehran accuses Washington and Tel Aviv of trying to weaken its government, and tensions have risen since earlier conflicts, including a 12-day war. Iran says it will not back down under external pressure.

    CafeF·▲ XAU/USD▲ PAXG/USDT▲ XAUT/USDTIrangeopoliticsIsrael
  • Is TC Energy (TRP) a Good or Bad Investment at Today's Multiple?

    TC Energy trades at 21.19 times next year's expected earnings, closing at $61.74 on October 16 after a 1.5% return over 6 months, versus 10.5% for the Insider Monkey Billionaire Index and 9.3% for the State Street SPDR S&P 500 ETF Trust. The company operates natural gas transmission pipelines across Canada, the United States and Mexico, plus power generation, with a 44.25% operating margin, and latest-quarter earnings rose 18.00% on revenue up 5.70%. The article flags risks including debt at 170.37% of equity, the loss of crude oil pipelines to South Bow in 2024, and volumes that depend on North American gas demand from power and LNG exports. A 4.01% yield is cited as income while the market decides whether the stable business justifies the multiple relative to its growth.

    Yahoo Finance·TRPvaluationdividends
  • Should You Buy This Trump AI Stock Ahead of Earnings?

    Microsoft (MSFT) reports quarterly results on October 28 and ranks eighth in Trump's latest stock portfolio, after Trump bought the stock five times in August. Bulls point to Azure growth of 43% last quarter, with management expecting about 45% in the current quarter, and to demand that exceeds available computing capacity. Bears cite rising capital spending that Deutsche Bank says could push free cash flow close to breakeven in fiscal 2027, about two-thirds of spending going to short-lived equipment such as chips, and OpenAI making up about 45% of the commercial backlog in the December quarter. The stock trades at 26.75 times forward earnings, a 27% premium to the sector median of 21.01 but 12% below its own five-year average of 30.47, with a PEG ratio of 1.70 versus a sector median of 1.14. The article concludes that investors pay more than for the average tech stock but less than they usually pay for Microsoft.

    Yahoo Finance·MSFTDonald Trumpearnings
  • What Is Williams' (WMB) Economic Moat, and Is It Steel or Permits?

    Williams (WMB) closed at $71.28 on October 16, with a 0.5% return over 6 months, compared with 10.5% for the Insider Monkey Billionaire Index and 9.3% for the State Street SPDR S&P 500 ETF Trust. The article argues its main advantage is the Transco pipeline, which runs from the Gulf Coast up the eastern seaboard, where several attempts to build new pipe have been abandoned after failing to win approvals. A 39.54% operating margin and 21.50% return on equity are cited as evidence of this advantage, although revenue rose only 7.80% last quarter. Limits noted include debt at 200.37% of equity, rules that also restrict Williams' own growth, and a price of 26.81 times expected next-year earnings. The dividend yields 2.95%.

    Yahoo Finance·WMBnatural gasvaluation
  • Marvell Jumps 6% as GF Securities Says Google Chip Delay Won’t Dent Its Position; Broadcom Rises 3%

    Marvell shares rose 6% to $241.27 in afternoon trading after a reported delay in Google's next TPU chip, while Broadcom gained 3%. GF Securities analyst Jeff Pu said the delay does not change Marvell's medium- to long-term position in Google's chip supply chain. Marvell reported Q2 FY2027 revenue of $2.74 billion, up 36.5% YoY, with its Data Center segment at $2.17 billion, or 79% of revenue. Google can acquire up to 7% of Marvell shares under a warrant tied to revenue targets, and management expects its custom business to more than double in fiscal 2028. Q3 revenue guidance is $3.15 billion, plus or minus 5%, with non-GAAP gross margin of 57.5% to 58.5%, and the article notes Marvell still needs to convert its Google programs into reported revenue.

    Yahoo Finance·▲ QQQsemiconductorsMarvellBroadcom
  • Is ONEOK (OKE) Cheap at 14 Times Next Year’s Earnings?

    ONEOK (NYSE:OKE) closed at $93.31 on October 16 and returned 11.4% over six months, versus 10.5% for the Insider Monkey Billionaire Index. The stock trades at 14.49 times next year's expected earnings and yields 4.59%, and revenue rose 52.80% last quarter as the company grew through acquisitions. The article argues that much of this growth was bought rather than built, with only 13.25% of revenue remaining as operating profit and debt at 143.07% of equity. Because a large part of the business involves buying and reselling liquids rather than earning transport fees, the article views the discount as having a reason behind it. It concludes that investors should watch margins rather than revenue.

    Yahoo Finance·OKEmergers and acquisitionsnatural gas

All news →

Get the briefing on Telegram or Zalo

Join the Upside Telegram channel or Zalo group for the Vietnam stocks and gold briefing at 8:00 and 19:00 (Vietnam time) on trading days, plus a weekly wrap on Saturday morning.