AI Shares Bid Up Before Opening Bell

By: Tomas Ronolski - AllPennyStocks.com News

Wednesday, August 9, 2023

A California-based AI company is turning heads this morning after the company reported their second quarter financial results. Among the highlights were a revenue increase of 42% as well as a strong increase in cash position.

Traders appear to be rather optimistic on the earnings data as shares of SoundHound AI Inc. (Nasdaq:SOUN) are currently bid at $2.22/share (+11.56% implied open for sellers. This should be an exciting session for this stock!

SoundHound, a global leader in conversational intelligence, offers voice AI solutions that let businesses offer incredible conversational experiences to their customers. Built on proprietary technology, SoundHound’s voice AI delivers best-in-class speed and accuracy in numerous languages to product creators across automotive, TV, and IoT, and to customer service industries via groundbreaking AI-driven products like Smart Answering, Smart Ordering, and Dynamic Interaction™, a real-time, multimodal customer service interface. Along with SoundHound Chat AI, a powerful voice assistant with integrated Generative AI, SoundHound powers millions of products and services, and processes billions of interactions each year for world class businesses.

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