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 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 .
Source Fool.com
Tencent Holdings Ltd. Stock
€48.70
-0.610%
Currently there is a rather positive sentiment for Tencent Holdings Ltd. with 4 Buy predictions and 1 Sell predictions.
As a result the target price of 55 € shows a slightly positive potential of 12.94% compared to the current price of 48.7 € for Tencent Holdings Ltd..
