Why SoundHound AI Inc. (SOUN) Soared Last Week

Ten companies finished the past trading week connected a precocious note, outperforming the 3 large indices with double-digit gains amid a flurry of catalysts, including upcoming net releases, that sparked buying appetite.

Week-on-week, the Nasdaq rallied by 6.7 percent, the S&P 500 clocked successful a 4.59-percent gain, portion the Dow Jones was up by 2.48 percent.

In this article, we person listed past week’s apical 10 performing stocks and elaborate the reasons down their gains. The stocks were chosen based connected the highest percent summation successful closing prices connected April 25 arsenic against their prices connected April 17, oregon the week prior.

To travel up with the list, we considered lone the companies with a $2-billion marketplace capitalization and a $5-million trading volume.

A bundle technologist focused connected a machine screen, penning codification to make a conversational assistant.

SoundHound AI Inc. (NASDAQ:SOUN)

SoundHound AI jumped by 21.7 percent week-on-week to adjacent Friday’s trading astatine $9.52 apiece versus the $7.82 decorativeness connected April 17 arsenic investors cheered quality that it partnered with Tencent Intelligent Mobility to heighten the latter’s cloud-based solutions for the automotive industry.

In a statement, SoundHound AI Inc. (NASDAQ:SOUN) said that Tencent is moving connected integrating SoundHound Chat AI Automotive to springiness drivers and passengers entree to a scope of applications, car controls, and amusement domains conscionable done earthy speech.

SoundHound AI Inc.’s (NASDAQ:SOUN) conversational dependable quality is susceptible of handling analyzable conversational questions and intelligently filtering responses to guarantee users get applicable and utile responses.

“The collaboration volition alteration Tencent Intelligent Mobility to present dynamic, localized idiosyncratic experiences to automotive players crossed geographies that are looking to supply extremity users with seamless hands-free entree to a scope of in-vehicle applications,” it said.

Overall, SOUN ranks 7th connected our database of firms that recorded double-digit gains past week. While we admit the imaginable of SOUN arsenic an investment, our condemnation lies successful the content that AI stocks clasp greater committedness for delivering higher returns and doing truthful wrong a shorter clip frame. There is an AI banal that went up since the opening of 2025, portion fashionable AI stocks mislaid astir 25%. If you are looking for an AI banal that is much promising than SOUN but that trades astatine little than 5 times its earnings, cheque retired our study astir this cheapest AI stock.