SoundHound AI Rallies 12%, Unity Software Rises 11%, Datadog Sinks 15% as Traders Separate Software Winners From Losers

3 weeks ago 16

David Moadel

Thu, August 6, 2026 astatine 9:26 AM CDT 5 min read

Quick Read

SoundHound surged 12% connected a beat-and-raise quarter, portion Unity jumped 11% aft CEO Matt Bromberg called it "arguably the champion 4th successful Unity's past arsenic a nationalist company."
With the QQQ ETF level connected the day, Datadog's 15% driblet came contempt beating estimates, reflecting 108% year-to-date gains that created valuation unit going in.
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Three endeavor bundle names are moving successful other directions Thursday greeting aft net results. SoundHound AI (NASDAQ:SOUN) banal is up 12% to $7.23, Unity Software (NYSE:U) shares are up 11% to $39.33, and Datadog (NASDAQ:DDOG) shares are down 15% to $239.71.

The Invesco QQQ Trust (NASDAQ:QQQ) (which tracks the NASDAQ 100 index) is astir flat, truthful today's enactment is stock-specific. Traders are separating the winners from the losers connected valuation and expectations.

SoundHound AI Rally Follows a Beat and a Raise

SoundHound posted Q2 gross of $61.9 million, beating the $52.4 cardinal statement estimate. Furthermore, the company's adjusted EBITDA nonaccomplishment narrowed to $9.6 million.

Management raised full-year 2026 gross guidance to $230 cardinal to $260 million, pending the LivePerson acquisition closing earlier year-end. SoundHound ended the 4th with $203 cardinal successful currency and nary debt.

Growth is driven by SoundHound's OASYS agentic AI level and endeavor wins including eight-figure multi-year Latin America declaration spanning 20+ countries, seven-figure China automotive infotainment agreement, and seven-figure healthcare deal. Automotive partners Stellantis (NYSE:STLA) and Hyundai expanded unrecorded generative AI deployments.

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CEO Keyvan Mohajer stated, "Our exceptional Q2 results show the momentum SoundHound is building... With our Q2 gross present 10 times what it was erstwhile we debuted arsenic a nationalist institution successful Q2 2022, and endeavor request for high-ROI dependable and agentic AI accelerating globally, our OASYS level and in-house exemplary innovations presumption america to pb successful the caller epoch of endeavor automation." The pending acquisition of LivePerson is expected to adjacent earlier the extremity of 2026.

SoundHound banal had entered net down 36% twelvemonth to day (YTD). Reddit chatter turned precise bullish with a sentiment people of 82 up of the release.