Why SoundHound AI Stock Was Racing Higher on Thursday
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Impressive news from a high-profile business partner was a major reason for the stock price pop experienced by SoundHound AI (NASDAQ: SOUN) on Thursday. The artificial intelligence (AI) company was up by nearly 9% in late-session trading, a rate that was easily topping the 0.8% rise of the S&P 500 (SNPINDEX: ^GSPC).That news was the quarterly results posted after market hours Wednesday by leading graphics card processor company Nvidia, whose cutting-edge hardware products are widely used in the burgeoning AI industry. Happily for that industry -- not to mention its shareholders -- Nvidia did very well in the third quarter of its fiscal 2025. It managed to nearly double its already considerable revenue on a year-over-year basis, to more than $35 billion, and somehow top that with a 103% improvement in per-share net income (which hit $0.81). Both figures were comfortably above the consensus analyst estimates. Continue readingWeiter zum vollständigen Artikel bei MotleyFool
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