SoundHound AI (NASDAQ:SOUN) inventory continued to achieve floor on Friday, with shares of the AI voice expertise developer climbing 44%.
Shares of SoundHound, which went public in April, opened at $1.90, reaching a excessive of $3.13 in early afternoon. The inventory closed at $2.82.
SoundHound shares have made appreciable positive aspects for the reason that firm introduced an AI deployment take care of Airmeez. The inventory has surged 93% for the reason that deal was introduced on Jan. 26 after hitting a 52-week low of $0.93 on Dec. 22.
Additionally stoking shares is elevated investor curiosity in AI expertise builders following Microsoft’s announcement final month that it deliberate to speculate billions in ChatGPT developer OpenAI.
SoundHound went public in April following a merger with SPAC Archimedes Tech.