SoundHound making ‘desperate bid to cash in on AI hype,’ Capybara says

Capybara Research published a short report on SoundHound (SOUN) titled “A Tale of Repeated Failures and a Desperate Bid to Cash in on AI Hype,” in which the short-seller states in part that media outlets have “inaccurately hyped” NVIDIA’s holding of 1,730,883 SoundHound shares as new, despite it being an investment from 2017″ and claims that SoundHound’s CEO, Keyvan Mohajer, “exploited the hype, dodging questions about the company’s acquisition prospects and NVDA stake, misleading investors with insinuations of potential deals.” SoundHound “appears to be leveraging current AI excitement to attract investment and attention, despite a lack of substantial growth or success in its core business areas,” the short-seller concludes.