Why SoundHound AI Stock Rocketed Higher Again Today
SoundHound AI (NASDAQ: SOUN) stock saw another day of explosive gains in Friday's trading. The conversational-AI company's share price closed the day up about 12.5%.
While there wasn't any direct business news pushing SoundHound AI's stock higher today, the company's share price was gaining ground in conjunction with news from other corners of the artificial intelligence (AI) market. The software specialist is now up 600% across 2024's trading.
Artificial intelligence stocks saw widespread bullish momentum today in conjunction with developments in the space. For starters, President-elect Donald Trump announced that he intends to appoint venture capitalist David Sacks as his administration's AI and crypto czar. The move signals that the incoming administration will likely make AI a key priority.
Source Fool.com
