SoundHound AI Inc (SOUN) stock soared 5.19% in pre-market trading on Wednesday, continuing its upward momentum from the previous day's 11.99% gain. The surge comes as investors show renewed interest in artificial intelligence (AI) stocks, particularly those focused on conversational AI and voice recognition technologies.

The pre-market rally follows a strong performance on Tuesday, where SoundHound AI's stock jumped 11.7% during regular trading hours. Analysts attribute this surge to growing investor interest in agentic AI solutions, which involve automated systems taking multiple steps to solve complex problems. SoundHound AI's Amelia and Houndify platforms, which feature voice-activated AI assistants, are well-positioned in this rapidly expanding market.

SoundHound AI has been attracting attention due to its impressive customer list, which includes major automotive manufacturers like Hyundai and Kia, as well as quick-service restaurant chains such as Chipotle and Papa John's. The company's technology is being integrated into vehicles for enhanced user experiences and in restaurants for autonomous order-taking and employee assistance. With a reported order backlog of over $1.2 billion, which the company expects to convert into revenue over the next six years, investors are optimistic about SoundHound AI's growth prospects.

While the stock's valuation remains high, with a price-to-sales ratio of around 41, some analysts argue that this premium is justified given the company's projected growth rate. SoundHound AI expects to deliver $167 million in revenue during 2025, representing a 97% year-over-year increase. As the AI market continues to expand and adoption of conversational AI technologies accelerates, SoundHound AI appears well-positioned to capitalize on these trends, driving investor enthusiasm and the current pre-market surge.