Why SoundHound AI Stock Skyrocketed This Week
SoundHound AI (NASDAQ: SOUN) stock surged higher in this week's trading. The company's share price closed out this week up 48% from last Friday's market close, according to data from S&P Global Market Intelligence.
Automaker Stellantis expanded its integration of SoundHound's voice-based artificial intelligence (AI) technologies in Europe this week. The development could be a significant sales driver for the voice-interface software specialist, and investors have poured into the stock in response.
With an update released this week, Stellantis made SoundHound's voice-based operating system available in compatible Peugeot, Opel, and Vauxhall vehicles and will now include the technology with new vehicles from these brands. The software incorporates OpenAI's ChatGPT chatbot and was launched for these brands in Germany, France, the U.K., Italy, and seven other European markets.
Source Fool.com
