Why SoundHound AI Stock Soared 17.3% Today

Shares of SoundHound AI (NASDAQ: SOUN) soared on Monday, finishing the day up 17.3%. The spike came as the S&P 500 and Nasdaq Composite both lost 0.3%.The voice-focused artificial intelligence (AI) company's stock is continuing to climb after releasing better-than-expected earnings on Thursday and announcing major new capabilities and partnerships on Friday.SoundHounds' second quarter was a major success for the company and its "strongest ever quarter," according to CEO Keyvan Mohajer. The company delivered an adjusted loss per share of $0.03, better than Wall Street's expected loss of $0.05 per share. Sales jumped 217% year over year, hitting $43 million and handily beating the expected $33 million.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool