10 Biggest Gainers of Last Week

6. SoundHound AI Inc. (NASDAQ:SOUN)

On Friday, SoundHound’s shares surged by 23.19 percent, closing at $21.76, from $17.66 on Monday, as the company continues to capitalize on the growing Artificial Intelligence (AI) boom.

On December 16, Wedbush analyst Dan Ives increased his price target on SoundHound to $22 from $10 and maintained an “Outperform” rating, also posting confidence that the company will see a higher rally in 2025.

According to Ives, the company is “in the early stages of capitalizing on its growth initiatives with enterprise AI demand just starting,” noting that Soundhound is an underappreciated pure-play AI firm that is taking significant strides in taking share across the landscape.