SoundHound AI, Inc. (SOUN) is experiencing a notable rise in its stock price, driven by a combination of factors. A key element is the anticipation surrounding the company's upcoming showcase at CES 2025, where SoundHound will demonstrate its voice AI technology in a Lucid Air vehicle. This event is generating excitement among investors, as it underscores SoundHound's potential 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 speculation about the stock's future. One user predicted, "SOUN 24$ end of day," while another 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!!!" However, some users remain cautious, suggesting 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 $22.62, up 9.70% from its previous close of $20.62. Despite being just half an hour into the trading day, the stock has already seen a volume of 18,598,166 shares, which is 30.04% of its average daily volume, indicating a strong start to the day.