SoundHound AI, Inc. (SOUN) is experiencing a positive movement in its stock price today, likely influenced by recent developments and investor sentiment. A significant factor is the company's announcement of showcasing its voice AI technology in a Lucid Air vehicle at the upcoming CES 2025. This demonstration is generating buzz among investors, as it highlights SoundHound's capabilities in the automotive sector. Additionally, the company's integration with NVIDIA's DRIVE AGX platform is seen as a strategic move to enhance in-car experiences, further boosting investor confidence.
On Reddit, discussions are vibrant with anticipation for the CES event. One user noted, "SoundHound will showcase its latest tech. Short sellers don't want to see January 7, January 8, January 9, and January 10." Another user expressed optimism about the company's growth potential, stating, "SoundHound just signed a deal with one of the best electric car companies in the world!!! Nvidia was just added to their website as a company and CES conference is coming up in a week. I expect massive news." However, some users remain cautious, pointing out that while the CES showcase is promising, it may not be enough to drive substantial stock price increases without further significant partnerships or announcements.
SoundHound AI's stock is currently trading at $20.34, up 0.89% from its previous close of $20.16. Despite being just over half an hour into the trading day, the stock has already seen a volume of 14,701,890 shares, which is 24.18% of its average daily volume, indicating a strong start to the day.