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SoundHound Rises as Short Sellers Exit and AI Demand Grows

SoundHound AI TodaySOUNSoundHound AI12.94+0.23 (+1.7912.94 +0.23 (+1.79%) 52-Week Range3.94▼24.98PriceTarget24.98Price Target10.50Add to WatchlistSoundHound 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. In June, short interest in SoundHound was over 30%, making it a powerful market force for share prices. Ge ...