SoundHound AI shares jumped 8% in morning trading Wednesday after soaring 10.3% on Tuesday.
A key mover investors are focusing on in today’s market is SoundHound AI. Shares of SOUN stock have rallied about 10% on little news. However, investors are noticing that certain artificial intelligence (AI) related stocks are also seeing improvement today, as investor sentiment appears to be taking a more bullish tone.
Last week’s selloff in SoundHound, and many similar companies with an AI focus, was brutal. Trading around the $4 per share level for most of last week, shares of SOUN stock ended the week around the $3.50 level. Now’s rally above the key $4 level suggests traders and investors are adjusting their positioning accordingly.
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