SoundHound AI (NASDAQ: SOUN) stock has been all the rage lately. Its shares have soared over 50% in just the past week and more than tripled in the last month, despite a sharp sell-off after the release of its Q4 earnings report on Feb. 29. Some of the exuberance is tied to artificial intelligence (AI) leader Nvidia, which disclosed its own investment in SoundHound earlier this month.

But some of what's driving investors into SoundHound stock is the potential growth in the market for the specific voice AI solutions it offers. The company is in a position to benefit from generative AI and the immeasurable amount of use cases ChatGPT owner OpenAI has potentially unleashed.

SoundHound offers voice AI technology to its clients. For example, its addition to automobiles enables drivers to ask for navigation assistance to find specific locations, seek information about local sights, or get advice on things to do in the area.

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Source Fool.com