Why SoundHound AI Stock Soared in April

Shares of SoundHound AI (NASDAQ: SOUN) gained 14.4% over the course of April. The move up came as the S 500 (SNPINDEX: ^GSPC) and Nasdaq Composite (NASDAQINDEX: ^IXIC) had a particularly eventful month.

SoundHound, which develops advanced artificial intelligence (AI) voice technology, announced a significant partnership with Chinese tech giant , boosting its stock.

SoundHound announced that it will be working with Tencent Intelligent Mobility, part of Tencent's Cloud and Smart Industries Group (CSIG) business, to bring its conversational AI capabilities to the Chinese company's own automotive solutions. Using the company's tech, Tencent will enhance its Intelligent Mobility platform. Users will have access to personalized and AI-powered user experiences, providing drivers and passengers with hands-free access to a range of in-vehicle applications.

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Source Fool.com