SoundHound AI had its best quarter yet and launched a new product, Vision AI, adding real-time visual understanding to its technology. Shares soared 17.3% while the S&P 500 and Nasdaq fell 0.3%. In Q2, the company beat expectations with an adjusted loss per share of $0.03 and sales reaching $43 million. SoundHound raised its full-year guidance to $160 million to $178 million. The company’s Vision AI product aims to redefine human interaction with businesses. While SoundHound shows momentum, its high valuation may deter some investors, trading at nearly 50 times sales.

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