AI stocks across all sectors have been seeing a meteoric rise over the past two years, but even with that rise, it’s pretty rare to see triple-digit rallies in just one month. SoundHound AI (NASDAQ: SOUN) is up 155% in the past month as of writing. In fact, it is up 713% year-to-date.
So, what’s driving this surge? Is it just hype and speculation, or are there real fundamentals behind SoundHound’s recent success? Let’s take a deeper look.
This post originally appeared at 24/7 Wall St.