Why SoundHound AI Stock Skyrocketed This Week
SoundHound AI (NASDAQ: SOUN) stock soared over the past week of trading. The company's share price rose 61.2% from the previous week's market close, according to data from S&P Global Market Intelligence.
SoundHound AI stock made big gains this week after the company hosted an investor presentation and announced that a new restaurant partner had rolled out its software. The company's share price also gained ground thanks to macroeconomic and political developments and meme-stock momentum.
SoundHound AI's chief financial officer, Nitesh Sharan, participated in the UBS Global Technology and AI conference on Dec. 4. During his presentation at the conference, Sharan demonstrated and discussed the company's conversational artificial intelligence (AI) software.
Source Fool.com
