SoundHound AI (SOUN) Stock Jumps โฃon Raised Outlook, Automotive โWins
Shares of SoundHound AI (SOUN) surged today, โฃrising as much โคas 24%โข after theโ company increased its full-year revenue guidance, signaling confidence in its โฃfuture performance. The โstock โclosedโฃ at $17.88, up 17.78% for the day.SoundHound AIโค provides โvoice artificial intelligence solutions for variousโ verticals,including โrestaurants and โขautomotive. The revised outlook follows recent positive developments, including the launch of itsโ generative AI-powered voice assistant, SoundHound Chatโ AI Automotive, in selectโ Jeep vehicles across โseveral European markets. This integration allows โฃJeep โdrivers andโข passengers to utilize โadvanced voice commands for tasks like trip planning and accessing vehicle information.
The company’s shares haveโค experienced meaningful โคvolatility, with 91 moves greater โขthan โข5% over the past year. Despite today’s gains,SoundHound AIโฃ remains down 24.9% since the begining of the year and trades 37.5% below its 52-week high of $24.23, reached in December 2024. An investor โwho purchased โฃ$1,000 worth of โSoundHound AI shares atโ its April 2022 IPO would โขcurrently โhave an investment valued at โ$2,019.