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Nvidia-Backed SoundHound AI Rallies 20%+ Intraday
$SoundHound AI (SOUN.US)$ rose more than 20% intraday Friday despite no apparent news for the Nvidia-backed AI company other than some seemingly positive publicity from the publication Investor's Business Daily.
SOUN rose as much as 20.1% to a $9.53 session high after IBD published a feature article Friday on the company's business.
SoundHound has risen more than 240% in 2024, mostly following word last February that Nvidia had made an investment in the company.
The firm uses artificial intelligence to create computer-generated voice customer-service systems for its client companies.
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Jerry Kronenberg
Director of Financial Content
Former top editor at Seeking Alpha, Fidelity.com, TheStreet.com and UPI.
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