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Benzinga
Benzinga
Business
Henry Khederian

SoundHound AI Shares Are Falling: What's Going On?

SOUN SoundHound AI

SoundHound AI Inc (NASDAQ:SOUN) stock is trading lower by 5.3% to $14.21 during Monday’s session, potentially due to profit-taking and cooling off after an extraordinary year-to-date rally of over 500%. The stock has been a standout performer, driven by excitement around its voice AI technology.

Recent gains have been fueled by SoundHound’s Smart Ordering system now used in Torchy's Tacos and other global locations, which was announced last week.

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