Why AI Stock SoundHound AI Was Skyrocketing Today
Next-generation audio technology company SoundHound AI (NASDAQ: SOUN) was sweet music to investor ears on Tuesday. Thanks largely to news of a deal with a prominent Asian company, investors were enthusiastic about its future, and were bidding its share price up by nearly 9% in late-session trading.That was more than good enough to eclipse the benchmark S&P 500 index, which was posting a 2.4% gain at that point in time.SoundHound AI -- a developer of voice and general audio artificial intelligence (AI) solutions, as its name implies -- announced it has struck a deal with a division of China-based tech conglomerate Tencent. Continue reading
Next-generation audio technology company SoundHound AI (NASDAQ: SOUN) was sweet music to investor ears on Tuesday. Thanks largely to news of a deal with a prominent Asian company, investors were enthusiastic about its future, and were bidding its share price up by nearly 9% in late-session trading.
That was more than good enough to eclipse the benchmark S&P 500 index, which was posting a 2.4% gain at that point in time.
SoundHound AI -- a developer of voice and general audio artificial intelligence (AI) solutions, as its name implies -- announced it has struck a deal with a division of China-based tech conglomerate Tencent.