Stock Track | SoundHound AI Soars 7.94% as AI Stocks Rally on Palantir's Strong Results

Stock Track

Feb 04, 2025

SoundHound AI Inc (SOUN) stock soared 7.94% on Tuesday, riding the wave of optimism surrounding artificial intelligence stocks after Palantir Technologies Inc. reported solid fourth-quarter earnings and upbeat guidance.

The AI sector witnessed a broad rally intraday, with Palantir jumping 23%, BigBear.ai rallying 10%, and C3.ai surging 6%. SoundHound AI, a leading player in conversational AI and voice-enabled assistants, was among the gainers as investor sentiment toward AI companies improved.

Palantir, a data analytics company leveraging AI, posted better-than-expected Q4 results and issued bullish guidance for 2025. The company's strong performance, fueled by its AI capabilities, reignited interest in the sector and boosted AI-focused stocks like SoundHound AI.

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