Why SoundHound AI Stock Is Skyrocketing Today
SoundHound AI (NASDAQ: SOUN) stock is making big gains in Wednesday's trading. The conversational artificial intelligence (AI) specialist's share price was up 22.9% as of 2 p.m. ET.
The stock is gaining ground in conjunction with a conference call the company is participating in with Northland on Wednesday. The company's share price is likely also enjoying upward momentum thanks to recent bullish coverage from Wedbush.
SoundHound Chief Financial Officer Nitesh Sharan is participating in a conference call hosted by Northland Wednesday afternoon, during which he'll be interviewed by analyst Mike Lattimore. Investors appeared to be excited by the prospect that Sharan could share some new details about the business and its growth pipeline. Sharan has participated in other conferences and calls recently, and these events have sometimes been followed by fresh rounds of bullish coverage from analysts and substantial gains for the company's share price.
Source Fool.com
