SoundHound AI Skyrockets Following Investor Conference, Taco Shop Deal

Seeking Alpha

2024-12-06

SoundHound AI (NASDAQ:SOUN) shares soared as much as 31.3% on Thursday.

The day prior, SoundHound CFO Nitesh Sharan showcased his company's artificial intelligence-powered, conversational voice products at the UBS Global AI and Technology conference.

The Santa Clara, Calif.-based company also announced a new deal with Torchy's Tacos today, which are rolling out SoundHound's voice AI Smart Ordering product at its 130 restaurant locations.

"This voice AI ordering capability manages 100% of incoming calls, including handling multiple calls and orders simultaneously," SoundHound said in a statement. "It not only takes food orders but also answers common questions about menu items, specials, store hours, and allergen information."

SoundHound's voice AI offerings are now deployed at more than 10,000 restaurant locations.

SoundHound shares have now climbed 528.8% year to date.

A couple other AI stocks were increasing during Thursday trading as well. BigBear.ai (NYSE:BBAI) surged 9.6%. However, C3.ai (NYSE:AI) was down 0.3%, Tempus AI (NASDAQ:TEM) plunged 8.3%, and Klaviyo (NYSE:KVYO) slid nearly 2.3%.

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