SoundHound AI Stock News

All major market indexes declined today led by the Dow Jones Industrial Average, which at one point this morning fell 600 points, although has since recouped some of those losses. The broader benchmark S&P 500 and Nasdaq Composite also dipped this morning, but had recovered some of those losses and traded less than 1% down as of 12:04 p.m.

Smaller artificial intelligence stocks have seemingly gone parabolic at the close of 2024, especially those that have been backed by Nvidia (NVDA -2.09%) in the form of an investment. Although Nvidia invested a mere $3.7 million in voice-AI start-up SoundHound AI (SOUN -1.16%) about a year ago, that investment put SoundHound squarely on the map as a potential AI winner.

Two of the hottest artificial intelligence (AI) stocks heading into 2025 are Palantir Technologies (PLTR -3.72%) and SoundHound AI (SOUN -1.16%). Both stocks had a phenomenal 2024, with Palantir's stock up almost 400% and SoundHound AI's gaining nearly 900%.

Risk-tolerant investors hunting for growth often gravitate toward technology stocks -- and for good reason. These companies are driving some of the world's top social, economic, and cultural changes, after all.

SoundHound AI (SOUN 17.89%) stock is posting big gains in Thursday's trading. The company's share price was up 17.9% as of 12:30 p.m.

SoundHound AI (SOUN -0.93%) stock has more than quadrupled over just the last three months. Shares of the maker of voice recognition artificial intelligence (AI) technology solutions are now higher by 860% year to date.

SoundHound AI (SOUN -0.93%) has simply taken off in the past couple of years. Shares of the voice artificial intelligence (AI) solutions provider shot up a phenomenal 1,940% during this period thanks to the growing AI craze, an investment in the company by Nvidia, and solid results from the company in recent quarters.

SoundHound AI's (SOUN -0.93%) shares surged by nearly 875% in 2024 mainly due to record third-quarter revenue performance and increasing adoption of the company's conversational AI solutions by major brands across industries. The stock also benefited significantly from a bullish report from Wedbush analyst Dan Ives, who raised the company's target price from $10 to $22.