NVIDIA-Backed SoundHound AI Soars 14%. It’s Now up over 600% This Year
SoundHound AI rose 14% in Friday trading.
SoundHound AI, an artificial intelligence-powered voice and conversation platform, has climbed 635%, easily outpacing the 170% gain enjoyed by AI giant Nvidia Corp.
In February, Nvidia disclosed its stake in five publicly traded AI firms, including SoundHound and semiconductor and software designer Arm, which it had failed to acquire in February 2022. Other companies listed in the Securities and Exchange Commission Form 13F were Nano-X Imaging, Recursion Pharmaceuticals, and TuSimple — which all saw their shares rise after the disclosure.
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