
With the onset of the artificial intelligence (AI) revolution, semiconductor company Nvidia (NVDA) has been the market darling. Any company that Nvidia expresses even the slightest interest in, captures everybody’s attention.
SoundHound AI (SOUN) was one of these under-the-radar penny stocks. It is a pure-play voice AI technology company that skyrocketed in March after Nvidia disclosed a $3.7 million investment in SOUN via its first-ever 13F filing. SOUN stock is up 126.9% year-to-date (YTD), outperforming the S&P 500 Index's ($SPX) roughly 15% gain.