Clara Technologies Unaware of Any Material Change
Clara Technologies Corp. is an innovator in enterprise-level Quantum and AI solutions.
This news release may contain assumptions, estimates, and other forward-looking statements regarding future events. Such forward-looking statements involve inherent risks and uncertainties and are subject to factors, many of which are beyond the Company's control that may cause actual results or performance to differ materially from those currently anticipated in such statements.
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Globe and Mail
12 minutes ago
- Globe and Mail
This Magnificent Artificial Intelligence (AI) Stock Is Down 50%. Buy the Dip, or Run for the Hills?
Key Points SoundHound shares have dropped more than 50% from their highs. The company is working to combine its AI voice technology with AI agents. If the company can become a leader in the agentic AI space, it could have huge upside. 10 stocks we like better than SoundHound AI › SoundHound AI (NASDAQ: SOUN) exploded onto investors' radars when Nvidia disclosed a stake last year. The stock took off as enthusiasm soared, but has cooled off since. Shares are now down more than 50% from their highs. The question is whether that drop is a red flag or a buying opportunity. Looking to combine voice and agentic AI SoundHound started out as an artificial intelligence (AI) voice company whose platform goes beyond traditional speech recognition. Its "speech-to-meaning" and "deep meaning understanding" technology are designed to not just convert words into text, but to interpret what someone actually wants in real time before they are even finished speaking. SoundHound has established a strong foothold in the automobile and restaurant industries. Major automakers, such as Hyundai and Stellantis, use its platform to power voice assistants in their vehicles, while fast-food chains are embedding its technology into drive-thrus, phone orders, and kiosks. The company is seeing strong traction in these industries, but that's part of the story. The other part is what came with the company's $80 million acquisition of Amelia in 2024. Amelia specialized in virtual agents for industries like healthcare, insurance, and financial services. These are consumer-facing industries where compliance, transactional complexity, and industry-specific jargon make voice integration more difficult. SoundHound bought Amelia not only to gain customers in these verticals, but to also gain access to its technology. In essence, it allowed the company to combine its advanced speech recognition technology with Amelia's conversational intelligence. Amelia also gave SoundHound an important missing piece to go beyond voice and enter the world of agentic AI. SoundHound isn't looking to be just an AI voice company anymore, it's positioning itself as an autonomous voice agent technology company. Its launch of its Amelia 7.0 platform is a big step forward in this vision. The platform is designed to act like a digital employee that can understand intent, reason, interact with humans naturally, and then autonomously complete tasks. While chatbots may struggle with interruptions or someone rephrasing something, Amelia 7.0's voice first technology helps it excels in these areas. Amelia can also be integrated with enterprise systems, such as enterprise resource planning (ERP) platforms, customer relationship management (CRM) platforms, help desks, banking systems, and medical and insurance platforms. It can also carry out very industry specific tasks. For example, within healthcare, it can help a patient who calls a medical practice find the right specialist, schedule an appointment, get prior authorization, and take their insurance information. Meanwhile, for financial services, it would be able to handle tasks such as balance transfers, transaction disputes, or even make complex stock and options trades. That type of voice AI platform can be real cost saver for companies, so it has a huge opportunity in front of it. However, it also has real work to do. All about execution While SoundHound just posted 151% revenue growth in Q1, it's still not profitable and its gross margin has come under pressure. The Amelia deal brought over some lower-margin legacy contracts, and amortization costs from the acquisition are also weighing on reported results. Last quarter, generally accepted accounting principles (GAAP) gross margin dropped to 36.5%, although adjusted gross margin was higher at 50.8%. SoundHound is aiming to get gross margin back above 70% over time. It last hit that level in the fourth quarter of 2023, before the Amelia deal closed. Management has been clear that improving its margin profile is a key focus, and as low-margin contracts expire and get renegotiated, those numbers should improve. The path from here is all about execution. SoundHound has an intriguing technology and a differentiated product. However, it faces competition from bigger companies that have more resources and large installed user bases. The pullback in the stock has more to do with sentiment and valuation than it does with its growth outlook. The stock has never been cheap, and it likely won't be anytime soon. But that's the case with most companies with huge future opportunities. If SoundHound succeeds in becoming a premier agentic AI company, the drop in share price will look like a gift. However, if it stumbles on execution or gets outflanked by a bigger player, it won't matter how strong its tech is. The simple fact also is that the best technology doesn't always win. Sony is a company that knows this very well. Its superior Betamax technology lost to VHS in the early days of VCRs. However, the company learned its lesson when DVDs came around, with its Blu-ray technology being the winner over HD DVD, despite arguably being the lesser technology. Time will tell who comes out on top with AI agents. Is SoundHound stock a buy? SoundHound is at the intersection of voice AI and AI agents, which has the potential to be an absolutely huge market. Meanwhile, with a market cap of less than $5 billion, the stock has a lot of runway if it can become one of the major players in this market. Overall, an investment in SoundHound stock is a high-upside bet on a potentially big trend. For long-term investors who can handle volatility, buying this dip could be a great opportunity. Just remember, though, this is still a high risk-reward stock. Should you invest $1,000 in SoundHound AI right now? Before you buy stock in SoundHound AI, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and SoundHound AI wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $652,133!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $1,056,790!* Now, it's worth noting Stock Advisor's total average return is 1,048% — a market-crushing outperformance compared to 180% for the S&P 500. Don't miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks » *Stock Advisor returns as of July 15, 2025
Globe and Mail
12 minutes ago
- Globe and Mail
AI Software Sales Could Soar 580% by 2028: 2 AI Stocks to Buy Now, According to Wall Street
Key Points Morgan Stanley estimates that AI software spending will increase by 580% over the next three years to top $400 billion by the end of 2028. AppLovin has recently been one of the best executors in the adtech industry due to its proprietary AI-powered targeting engine, called Axon. HubSpot has embedded AI capabilities throughout its CRM platform, and management highlighted strong demand on the recent earnings call. 10 stocks we like better than AppLovin › Artificial intelligence (AI) is quietly weaving its way into our daily lives. Goldman Sachs estimates that 9.2% of U.S. companies now use AI to produce goods and services, twice the number using the technology at the same time last year. And Morgan Stanley estimates that AI software sales will increase by 580% over the next three years, topping $400 billion in 2028. AppLovin (NASDAQ: APP) and HubSpot (NYSE: HUBS) are likely to benefit from that trend, and most Wall Street analysts see substantial upside in the stocks, as detailed below: Among 31 analysts that follow AppLovin, the median target price is $470 per share. That implies 29% upside from its current share price of $364. Among 38 analysts that follow HubSpot, the median target price is $750 per share. That implies 38% upside from its current share price of $542. Here's what investors should know about these software companies. 1. AppLovin AppLovin develops adtech software. For years, the company has focused on helping game developers market and monetize their applications, but it has recently introduced adtech software designed for e-commerce brands. Its platform features a targeting engine called Axon that uses artificial intelligence to match advertiser demand with publisher supply across connected TV and mobile devices. Morgan Stanley recently selected AppLovin as one of the companies best positioned to benefit from growing AI software spending. The analysts called Axon a "best in class machine learning ad engine," saying it has delivered superior return on ad spend for brands on the platform. The report also highlighted AppLovin's in-house creative agency, SparkLabs, which uses generative AI to develop ad content. AppLovin reported excellent first-quarter financial results. Total revenue increased 40% to $1.4 billion, as strong sales growth in the advertising segment offset a decline in the mobile games segment. Meanwhile, generally accepted accounting principles (GAAP) earnings climbed 149% to $1.67 per diluted share. And management guided for 69% advertising sales growth in the second quarter. Wall Street estimates that AppLovin's earnings will increase by 55% annually through 2026. That makes the current valuation of 66 times earnings look reasonable, especially since the company beat the consensus estimate by an average of 27% over the last four quarters. Patient investors should feel comfortable buying a small position today. 2. HubSpot HubSpot develops customer relationship management (CRM) software. Its platform comprises productivity applications for marketing, sales, customer service, and operations teams. It also includes solutions for content management and payments. HubSpot's focus on mid-market businesses (defined as those with 2 to 2,000 employees) differentiates it from industry leader Salesforce, which has designed its platform for large enterprises. HubSpot has embedded its platform with an AI engine called Breeze. It can summarize CRM records, draft emails, create webpages, generate social media posts, and provide customer support. It can also analyze information, surface insights, and make recommendations that improve efficiency across sales, marketing, and customer service workflows. HubSpot reported mixed first-quarter financial results due to the macroeconomic uncertainty created by tariffs. Customers climbed 19%, but the average existing customer spent 4% less. In turn, revenue increased 16% to $714 million, but non-GAAP net income increased just 6% to $1.78 per diluted share, as operating margin contracted due to ongoing investments in product development. Management provided positive updates on AI adoption on the earnings call. "Over the past year, Content Hub attach rates have tripled and Service Hub adoption has improved because of embedded AI," according to CEO Yamini Rangan. She also told analysts that the number of businesses engaging with Breeze Copilot more than doubled compared to the previous quarter. Wall Street estimates that HubSpot's adjusted earnings will increase by 19% annually through 2026. That makes the current valuation of 66 times adjusted earnings look expensive. But I think earnings could grow more quickly. HubSpot exceeded the consensus estimate by an average of 10% in the last four quarters, and the company could continue to beat estimates as it monetizes new AI features. Investors should consider buying a very small position today. Should you invest $1,000 in AppLovin right now? Before you buy stock in AppLovin, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and AppLovin wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $652,133!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $1,056,790!* Now, it's worth noting Stock Advisor's total average return is 1,048% — a market-crushing outperformance compared to 180% for the S&P 500. Don't miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks » *Stock Advisor returns as of July 15, 2025
CBC
13 minutes ago
- CBC
Getting inked in Montreal? Tattoo artists say too many options are hurting business
Some Montreal tattoo artists say they're worried about an oversaturated market. They say many took on the craft during the pandemic, often with little training.
