Options Market Statistics: SoundHound AI Soars on Wedbush's Strong 2025 Growth Forecast; Options Pop
$SoundHound AI Inc(SOUN)$
Turning to Quantum Computing, the stock has been on an upward tear since yesterday when the company announced that it had received a contract from NASA. Under the deal, the space agency will utilize the firm's s entropy quantum optimization machine to facilitate its advanced imaging and data processing activities.
SOUN stock has been soaring since Monday, when Wedbush Securities analyst Dan Ives hiked his price target on the shares to $22 from $10 while keeping an outperform rating on the name.
Calling SOUN "an underappreciated pure play AI company," Ives predicted that the company's total addressable market and growth would both increase in 2025. Specifically, the analyst wrote that the company, whose customers include Chip0tle (CMG) and Panda Express, would move into the e-commerce sector nest year.
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