Soundhound AI (Soun) jumps 11.7% with the Agent AI boom

Soundhound AI, Inc. (NASDAQ:SOUN) is one of them These 10 shares are making big moves.

Soundhound AI gathered on the second day Tuesday, finishing at $12.71 each as 11.69% jumped and investors headed their way out of Agent AI’s booming ability.

Agent AI refers to an artificial intelligence system designed to act autonomously, make decisions and take action to achieve goals with limited human intervention.

Soundhound AI, Inc. provides agent AI tools through voice automation. (NASDAQ:SOUN) rose along its counterparts, namely Salesforce, BigBear.AI, RingCentral, 59, and C3.AI.

Soundhound AI, Inc., according to Zacks Research. (NASDAQ:SOUN) is set to benefit from the rapid service and increased customer demand for labor shortages that are driving restaurants to adopt voice automation.

The software engineer focused on computer screens and created code to create conversational assistants.

“Soundhound AI is projecting revenues of $177 million, from $157 million to $177 million last year,” he said. “Soundhound AI’s 2024 reservation backlog was $1.2 billion, suggesting a strong long-term revenue growth rate, along with a $140 billion total address market (TAM), indicating the potential for further expansion.”

While we acknowledge Soun’s potential as an investment, our belief lies in the belief that some AI stocks offer higher returns and hold the greater promise of limited downside risk. If you’re looking for a very inexpensive AI stock that is also a major beneficiary of Trump’s tariffs and supervision, check out our free report. Best Short-Term AI Stocks.

Read next: 30 stocks that double in three years and 11 Hidden AI Strains Buy Now.

Disclosure: None. This article was originally published Insider Monkey.