Why SoundHound AI Stock Is Skyrocketing Today
SoundHound AI (NASDAQ: SOUN) stock is surging in Thursday's trading. The conversational artificial intelligence (AI) company's share price was up 30.1% as of 1 p.m. ET. As of this writing, the S 500 index was flat, and the Nasdaq Composite index was up 0.2%.
SoundHound AI's valuation is surging today following news that the company's AI ordering and customer service technologies are being rolled out at Torchy's Tacos. The stock is now up 157% over the last month.
SoundHound published a press release today announcing that its AI Smart Ordering service had gone live at Torchy's Tacos. The service has been adopted at all 130 of the company's restaurant locations. SoundHound's conversational AI software has been trained on the Torchy's menu and has the capacity to manage 100% of the restaurant's incoming calls and handle questions about menu items, specials, store hours, and allergen information. In turn, the utilization of the AI software will allow Torchy's staff to focus on food preparation and providing in-store service.
Source Fool.com
