SoundHound AI Inc
SOUN
shares are soaring in Wednesday’s after-hours session as 13-F filings come rolling in.

The Latest News:
BlackRock reported a 5.6% passive stake in SoundHound AI after the market close, as per data from Benzinga Pro.

Investors also seem interested in Nvidia Corp’s filing, in which the company disclosed positions in several firms, including SoundHound AI.

While the exact details of Nvidia’s stake in SoundHound AI remain unclear, it’s noteworthy that SoundHound previously secured $75 million from a consortium of investors in 2017, including Nvidia GPU Ventures. This financial infusion aimed to accelerate the adoption of SoundHound’s AI platform, Houndify, and facilitate its expansion into international markets.

SoundHound AI reported earnings on Nov. 9 and is poised to release its fourth-quarter results in the upcoming weeks, although an official date is yet to be announced.

SoundHound AI is a conversational intelligence company that provides AI voice solutions, enabling businesses to enhance conversational experiences for their customers.

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SOUN Price Action: SoundHound AI shares have experienced a approximately 42% decrease over the past year. However, there’s a notable after-hours surge of 37.92%, bringing the stock to $3.11 at the time of publication, according to Benzinga Pro.

Photo: qimono from Pixabay.