SoundHound AI Aktie News

SANTA CLARA, Calif.--(BUSINESS WIRE)---- $SOUN #RestaurantTech--SoundHound AI, Inc. (Nasdaq: SOUN), a global leader in voice artificial intelligence, and Peter Piper Pizza, the iconic pizza and family entertainment destination, today announced a collaboration that allows guests to place phone orders for pick-up through a conversational voice AI agent. This new system understands natural speech ...

If you haven't used them yet, you probably will soon. They communicate with you conversationally, take orders, solve customer service issues, and respond to detailed queries.

In the mid-1990s, the advent and proliferation of the internet revolutionized corporate America by opening new sales channels and creating connections that hadn't previously existed. Since the internet, investors have been patiently waiting for the next-big-thing technology to provide a true leap forward for corporate America.

SoundHound AI Inc (NASDAQ: SOUN) is inching down this morning after a senior Piper Sandler analyst issued a bearish note in its favour. On Monday, James Fish downgraded the voice AI company to “neutral” and left his price target unchanged at $12 – which hardly represents any meaningful upside on its previous close.

The current artificial intelligence (AI) boom has been the biggest driver of the stock market's gains over the past couple of years, and two companies that have seen phenomenal gains from AI are SoundHound AI (SOUN -5.82%) and Nvidia (NVDA 0.53%). Shares of SoundHound have soared 310% over the past three years, while Nvidia's stock has skyrocketed 910%.

Artificial intelligence (AI) stocks are some of the hottest names on Wall Street. Palantir Technologies and Nvidia have ridden the AI wave to amazing heights, surging by 900% or more in just a few years.

SoundHound AI (SOUN -4.69%) stock saw a pullback in Thursday's trading. The company's share price fell 4.7% in the session and had been down as much as 8.1% earlier in trading.

Shares of SoundHound AI (SOUN -5.04%) cooled down on Thursday, ending a string of positive price moves. The stock surged 16.3% higher from the long weekend to Wednesday evening, but gave back as much as 8.1% of those gains today.