New
Why Soundhound Ai Stock Is Soaring Today
SoundHound AI (NASDAQ: SOUN) stock is surging higher in Tuesday's trading thanks to a duo of catalysts. The conversational artificial intelligence (AI) specialist's share price was up 11.7% at 1:10 p.m. ET and had been up as much as 16.5% earlier in the daily session.
SoundHound AI published a press release today announcing that it had formed a partnership with Rekor Systems to bring new services to police and emergency vehicles. In addition to the business-specific catalyst, the stock is also getting a boost from President Trump's cancellation of Biden-era requirements for AI research and development.
Where to invest $1,000 right now? Our analyst team just revealed what they believe are the 10 best stocks to buy right now. See the 10 stocks »
SoundHound AI stock surges on new partnership
SoundHound AI is teaming up with Rekor to combine conversational AI software with Rekor's automated license plate recognition (ALPR) systems. The combination will bring a hands-free interface system to the ALPR tech and provide police officers with auditory notifications. SoundHound's tech will make it possible for officers to search databases, report incident details, and log reports. The software will initially be integrated into police vehicles, then other emergency vehicles, including fire trucks and ambulances.
SoundHound stock gets a lift from Trump-era AI shift
Artificial intelligence stocks are getting a boost today thanks to shifts in policy under the new Trump administration, and SoundHound AI is among those participating in the rally. With its return to the White House yesterday, President Trump rescinded an executive order on AI technologies issued under the Biden administration.
Biden's now-vacated executive order required AI software creators to share safety test results with the government if they indicated threats to national security, the economy, or other areas of public life. Trump's move to rescind the order is in line with expectations that his administration will reduce regulations in an effort to spur domestic advancement for artificial intelligence and other emerging technologies. While it's not clear whether the removal of the order will have any material impact on SoundHound AI's business, it does signal that AI investors may now have fewer risks to worry about on the regulatory front.
Should you invest $1,000 in SoundHound AI right now?
Before you buy stock in SoundHound AI, consider this:
The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and SoundHound AI wasn’t one of them. The 10 stocks that made the cut could produce monster returns in the coming years.
Consider when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you’d have $843,960!*
Stock Advisor provides investors with an easy-to-follow blueprint for success, including guidance on building a portfolio, regular updates from analysts, and two new stock picks each month. The Stock Advisor service has more than quadrupled the return of S&P 500 since 2002*.
*Stock Advisor returns as of January 21, 2025
Keith Noonan has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.
