SOUN - SoundHound AI's Shares Jump 24.2% After Big Auto Integration
2024-07-10 15:16:58 ET
Shares of SoundHound AI (NASDAQ: SOUN) jumped as much as 24.2% in trading on Wednesday after the company announced a major integration with Stellantis brands . Models will be built with the SoundHound Chat AI voice assistant built in, and some capabilities will even be compatible with previously released models.
Shares held most of their gains and are up 22.2% in trading as of 3 p.m. ET.
A previous announcement in March 2024 laid the groundwork for Stellantis to get SoundHound capabilities. However, this was an official announcement that Peugeot, Opel, and Vauxhall vehicles in 11 European markets will get SoundHound Chat AI starting today.
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SoundHound AI's Shares Jump 24.2% After Big Auto Integration