SoundHound AI Inc (NASDAQ: SOUN) shares are soaring in pre-market trading on Monday, jumping 7.49% following a positive analyst action. The artificial intelligence company's stock is attracting investor attention ahead of the market open, signaling a strong start to the week.

The catalyst for this significant pre-market rally appears to be HC Wainwright & Co.'s decision to maintain its Buy rating on SoundHound AI. This reaffirmation of the bullish stance by a respected financial services firm has clearly resonated with investors, driving up demand for SOUN shares.

SoundHound AI, known for its voice AI and conversational intelligence technologies, has been gaining traction in the rapidly evolving artificial intelligence sector. The maintained Buy rating suggests that HC Wainwright & Co. continues to see potential in the company's growth prospects and market position. As the AI industry continues to expand, SoundHound's performance will likely remain under close scrutiny by both analysts and investors alike.