Jim Cramer - Mad Money SoundHound AI SOUN-Q DON'T BUY Jun 02, 2023

They reported last week. The street was expecting the coming fiscal year to improve, but the company guided their outlook to remain the same more or less. In this market, you can be the same but explode the numbers upwards.

Was surprised by their last quarter--it wasn't that bad. Buy at $5-6 for a trade.

It's a short squeeze. It's not the end of it. Doesn't know where it will go. 

It's a chronic money-loser, despite some interesting technology. It's a short squeeze.

Unprofitable growth tech names like this are -59% this year, after surging last year when they never should have. Removing this froth is positive for the market.