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MarketBeat
MarketBeat
Business
Thomas Hughes

SoundHound Rises as Short Sellers Exit and AI Demand Grows

SoundHound SOUN SoundHound AI MarketBeat

SoundHound AI (NASDAQ: SOUN) shares surged more than 30% in early July as a combination of factors rapidly reduced the available share count.

They include inflows into agentic AI names, such as Salesforce, Palo Alto Networks, and Meta Platforms, as well as short-covering, which is robust.

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