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SoundHound AI gets $26 target, eyes Q3 as growth catalyst

5 articles I'm watching carefully

Tyler Dupont
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Good morning 👋

Here's the latest news I'm tracking today.

 📈 Stocks / Finance

SoundHound AI gets $26 target, eyes Q3 as growth catalyst

H.C. Wainwright raised SoundHound AI’s price target to $26 from $18, citing potential Q3 upside and 2026 gains from its Interactions Corp. acquisition. Shares are up 7.9% YTD, lagging the Russell 2000’s 13% rise. Analysts see ‘material outperformance’ ahead.

Oracle drops 7% despite cloud contract surge

Oracle stock fell 6.7% after revealing a $455B backlog and $65B in new cloud deals. Investors raised concerns over execution risks and capital intensity. Despite bullish AI demand, elevated expectations and potential debt pressures triggered a valuation reset.

Why stock market losses require bigger gains to recover

A 20% loss needs a 25% gain to break even, highlighting the stock market’s asymmetric upside. Historical bear markets were followed by outsized bull runs, with the S&P 500 returning 120% after 2020's 34% drop and 527% after 2008’s 55% crash. Broad index diversification remains key.

🪙 Crypto

Traders rotate into XRP and SOL as BTC sentiment stays bearish

XRP and SOL show rising bullish bets in options markets while BTC risk reversals remain negative. Traders are rotating into altcoins post-October crash, with XRP consolidating near $2.40 and options data signaling upside ahead of year-end.

🌎 Global Economy

Oil’s 3% slide raises demand concerns despite U.S. output surge

Oil prices fell nearly 3% this week amid IEA forecasts of a 2026 supply glut, weak demand signals, and record U.S. output. Investor sentiment slipped as refinery outages and geopolitical tensions failed to offset bearish inventory data and global growth fears.

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