A Big Nvidia Stake Sends Another AI Stock Soaring [Yahoo! Finance]
SoundHound AI, Inc. (SOUN)
Company Research
Source: Yahoo! Finance
The surge echoed that of Soundhound AI, the voice AI company that saw the value of its stock triple in the month after Nvidia disclosed a stake worth just $4 million in mid-February. Serve was spun off from Uber in 2021. Shares of Serve Robotics ( SERV ) surged on Friday after Nvidia ( NVDA ) reported a 10% stake in the delivery technology company, making it the latest upstart to get a boost from the AI giant's halo effect. Nvidia in a regulatory filing late Thursday said it owned 3.7 million shares of Serve, a stake valued at about $9.8 million based on Thursday's closing price. Shares of Soundhound AI ( SOUN ), a voice AI and speech recognition company, jumped in mid-February when Nvidia disclosed a stake that at the time was valued at less than $4 million. Soundhound stock has since gained more than 125%. Serve is a last-mile delivery company whose semi-autonomous delivery robots can be seen on the sidewalks of San Francisco and Los Angeles. Serve, once a subsidiary of f
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SOUN
News
- SoundHound AI: Not Pitch Perfect, But Sounding Better (Rating Upgrade) [Seeking Alpha]Seeking Alpha
- SoundHound AI: More Compelling After The Acquisitions - Upgrade To Speculative Buy [Seeking Alpha]Seeking Alpha
- SoundHound AI: A Breakout Rally Appears Imminent [Seeking Alpha]Seeking Alpha
- SoundHound AI Inc. (SOUN): A Penny Stock That Will Make You a Millionaire [Yahoo! Finance]Yahoo! Finance
- 2 AI Stocks to Buy Before It's Too Late [Yahoo! Finance]Yahoo! Finance
SOUN
Earnings
- 8/8/24 - Beat
SOUN
Sec Filings
- 8/22/24 - Form 4
- 8/9/24 - Form 10-Q
- 8/8/24 - Form 8-K
- SOUN's page on the SEC website