A number of stocks fell in the afternoon session after markets pulled back, reversing early gains, as investor sentiment remained cautious despite a softer-than-expected inflation reading.
Quarterly earnings results are a good time to check in on a company’s progress, especially compared to its peers in the same sector. Today we are looking at ServiceNow (NYSE:NOW) and the best and worst performers in the automation software industry.
A number of stocks fell in the afternoon session after a significant downward revision in U.S. job creation data fueled concerns about a weakening labor market.
Shares of voice AI technology company SoundHound AI (NASDAQ:SOUN) jumped 7% in the afternoon session after it experienced continued positive sentiment following the company's record second-quarter financial results reported in early August. The recent momentum follows a period where the stock has gained significantly, driven by the strong quarterly performance. In its last report, the voice AI company announced all-time high revenues of $42.7 million, which represented a growth of more than 200% year over year. Citing its strong presence in the automotive, enterprise, and restaurant verticals, SoundHound also raised its full-year outlook, signaling confidence to investors about its future performance.
Small-cap stocks in the Russell 2000 (^RUT) can be a goldmine for investors looking beyond the usual large-cap names.
But with less stability and fewer resources than their bigger counterparts, these companies face steeper challenges in scaling their businesses.
As the Q2 earnings season wraps, let’s dig into this quarter’s best and worst performers in the automation software industry, including UiPath (NYSE:PATH) and its peers.
Nvidia CEO Jensen Huang's decade-long mentorship helped SoundHound AI founder Keyvan Mohajer grow a dorm-room idea into a $5.8 billion voice tech company now gaining Wall Street momentum.
Curious about the most active stocks in today's session? Get a glimpse into the stocks that are generating the highest trading volume and capturing market attention.
Each trading day features hundreds of headlines and press releases on Benzinga Pro, a source for traders to see the latest news on the overall market and individual tickers.
The stocks featured in this article are seeing some big returns.
Over the past month, they’ve outpaced the market due to some combination of positive news, upbeat results, or supportive macro developments. As such, investors are taking notice and bidding up shares.
