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
€54.20
-0.550%
Our community is currently high on Tencent Holdings Ltd. with 6 Buy predictions and 3 Sell predictions.
On the other hand, the target price of 50 € is below the current price of 54.2 € for Tencent Holdings Ltd., so the potential is actually -7.75%.
