SoundHound AI Soars 16% on Booming AI Demand and Bullish Outlook; BigBear.ai Jumps 12%

Tiger Newspress

2024-12-27

SoundHound AI Inc shares surged over 16% on Thursday, extending the stock's remarkable rally this year driven by the growing craze for artificial intelligence (AI) and voice recognition solutions. Other AI stocks also gained: BigBear.ai Holdings rose 12%; C3.ai, Inc. rose 4%.

The rally was fueled by a bullish note from H.C. Wainwright, which more than tripled its price target for SOUN from $8 to $26, implying an upside potential of 27% from the current levels. The analyst cited SoundHound's scalable platform and expanding customer base across multiple sectors as key drivers for the price target revision.

SoundHound, a provider of conversational AI and voice recognition technology, has witnessed a meteoric rise in its stock price this year, gaining over 860% year-to-date. The company's strong performance has been backed by solid financial results, an investment from Nvidia, and growing adoption of its voice AI solutions in industries like automotive, retail, healthcare, and financial services.

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Other AI stocks also gained: <a href=\"https://laohu8.com/S/BBAI\">BigBear.ai Holdings</a> rose 12%;  <a href=\"https://laohu8.com/S/AI\">C3.ai, Inc.</a> rose 4%.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/411c2717a2a1b3aad6d2d25b5af1b2d5\" tg-height=\"249\" tg-width=\"496\"/></p><p>The rally was fueled by a bullish note from H.C. Wainwright, which more than tripled its price target for SOUN from $8 to $26, implying an upside potential of 27% from the current levels. The analyst cited SoundHound's scalable platform and expanding customer base across multiple sectors as key drivers for the price target revision.</p><p>SoundHound, a provider of conversational AI and voice recognition technology, has witnessed a meteoric rise in its stock price this year, gaining over 860% year-to-date. The company's strong performance has been backed by solid financial results, an investment from Nvidia, and growing adoption of its voice AI solutions in industries like automotive, retail, healthcare, and financial services.</p></body></html>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta content=\"text/html; charset=utf-8\" http-equiv=\"Content-Type\"/>\n<meta content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\" name=\"viewport\"/>\n<meta content=\"telephone=no,email=no,address=no\" name=\"format-detection\"/>\n<title>SoundHound AI Soars 16% on Booming AI Demand and Bullish Outlook; BigBear.ai Jumps 12%</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSoundHound AI Soars 16% on Booming AI Demand and Bullish Outlook; BigBear.ai Jumps 12%\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time smaller\">2024-12-27 00:14</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p><a href=\"https://laohu8.com/S/SOUN\">SoundHound AI Inc</a> shares surged over 16% on Thursday, extending the stock's remarkable rally this year driven by the growing craze for artificial intelligence (AI) and voice recognition solutions. 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The company's strong performance has been backed by solid financial results, an investment from Nvidia, and growing adoption of its voice AI solutions in industries like automotive, retail, healthcare, and financial services.</p>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"AI","symbol_name":"C3.ai, Inc.","start_time":0,"source_url":"","article_id":"1136449087","we_media_id":"1079075236","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1136449087","pubTimestamp":1735229681,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Tiger Newspress","introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"summary":"$SoundHound AI Inc(SOUN)$ shares surged over 16% on Thursday, extending the stock's remarkable rally this year driven by the growing craze for artificial intelligence (AI) and voice recognition soluti","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"AI":"C3.ai, Inc.","BBAI":"BigBear.ai Holdings","SOUN":"SoundHound AI Inc"},"translate_title":"SoundHound AI因人工智能需求蓬勃发展和前景看涨而飙升16%；BigBear.ai上涨12%","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"AI":1.1,"BBAI":1.1,"SOUN":1},"content_text":"SoundHound AI Inc shares surged over 16% on Thursday, extending the stock's remarkable rally this year driven by the growing craze for artificial intelligence (AI) and voice recognition solutions. Other AI stocks also gained: BigBear.ai Holdings rose 12%;  C3.ai, Inc. rose 4%.The rally was fueled by a bullish note from H.C. Wainwright, which more than tripled its price target for SOUN from $8 to $26, implying an upside potential of 27% from the current levels. The analyst cited SoundHound's scalable platform and expanding customer base across multiple sectors as key drivers for the price target revision.SoundHound, a provider of conversational AI and voice recognition technology, has witnessed a meteoric rise in its stock price this year, gaining over 860% year-to-date. The company's strong performance has been backed by solid financial results, an investment from Nvidia, and growing adoption of its voice AI solutions in industries like automotive, retail, healthcare, and financial services.","kind":"news","is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"movement","news_rank":0,"symbols":[],"gpt_button":0}}}