Overview
- SoundHound reported third-quarter revenue of $42 million, up 68% year over year and above roughly $40 million expected.
- The company raised its 2025 revenue outlook to $165 million to $180 million and narrowed its adjusted loss to $0.03 per share.
- TSMC posted third-quarter revenue of $33.1 billion, a 30% increase, with earnings of $2.92 per ADR, up 39%.
- CEO C. C. Wei said AI demand is "very strong" and stronger than management anticipated three months earlier.
- Over the past year, SoundHound shares gained about 87% and TSMC rose about 44% as investors leaned into AI data-center spending that some projections place near $4 trillion by 2030.