SoundHound AI (SOUN) Jumps 11.7% on Agentic AI Boom

SoundHound AI, Inc. (NASDAQ:SOUN) is one of These 10 Stocks Are Making Big Moves.

SoundHound AI rallied for a second day on Tuesday, jumping 11.69 percent to finish at $12.71 apiece as investors took path from the booming capabilities of Agentic AI.

Agentic AI refers to artificial intelligence systems designed to act autonomously, make decisions, and take actions to achieve goals with limited human intervention.

SoundHound AI, Inc. (NASDAQ:SOUN), which offers Agentic AI tools through voice automation, rose in line with its counterparts namely Salesforce, Bigbear.ai, RingCentral, Five9, and C3.ai, among others.

According to Zacks Research, SoundHound AI, Inc. (NASDAQ:SOUN) is set to benefit from the rising customer demand for quick service and labor shortages which are driving restaurants to adopt voice automation.

“SoundHound AI anticipates 2025 revenues of $157 million to $177 million, up from last year’s $84.7 million,” it said. “SoundHound AI’s 2024 booking backlog of $1.2 billion suggests strong long-term revenue growth, alongside a total addressable market (TAM) of $140 billion, indicating the potential for further expansion.”

While we acknowledge the potential of SOUN as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.