What's Going On With SoundHound AI (SOUN) Stock?

Benzinga·04/24/2025 19:22:26

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SoundHound AI Inc (NASDAQ:SOUN) shares climbed 7.0% to $9.37 Thursday afternoon amid a broader surge in technology stocks, fueled by strong U.S. durable goods data and signs of easing U.S.-China trade tensions.

What To Know: The voice AI company, known for its advanced speech recognition and natural language processing technology, benefited from investor optimism across the tech sector, particularly as markets anticipate strong earnings from Alphabet Inc after the bell.

SoundHound’s gains align with Thursday’s bullish sentiment around AI and software companies, with the Nasdaq-100 jumping 2.5% and tech outperforming other sectors.

Positive corporate earnings and guidance from tech peers like ServiceNow also buoyed expectations for companies like SoundHound, which has been expanding its partnerships in automotive, hospitality and smart device markets.

How To Buy SOUN Stock

By now you're likely curious about how to participate in the market for SoundHound AI – be it to purchase shares, or even attempt to bet against the company.

Buying shares is typically done through a brokerage account. You can find a list of possible trading platforms here. Many will allow you to buy “fractional shares,” which allows you to own portions of stock without buying an entire share.

In the case of SoundHound AI, which is trading at $9.37 as of publishing time, $100 would buy you 10.67 shares of stock.

If you're looking to bet against a company, the process is more complex. You'll need access to an options trading platform, or a broker who will allow you to “go short” a share of stock by lending you the shares to sell. The process of shorting a stock can be found at this resource. Otherwise, if your broker allows you to trade options, you can either buy a put option, or sell a call option at a strike price above where shares are currently trading – either way it allows you to profit off of the share price decline.

According to data from Benzinga Pro, SOUN has a 52-week high of $24.98 and a 52-week low of $3.82.

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