10 Buzzing AI Stocks Dominating Headlines

8. SoundHound AI (NASDAQ:SOUN)

Number of Hedge Fund Holders: 11

SoundHound AI (NASDAQ:SOUN) is a voice artificial intelligence company offering voice AI solutions to businesses. On February 18, Michael Latimore from Northland Securities maintained a “Hold” rating on the stock with a price target of $8.00.

The stock crashed on Friday, February 14, after Nvidia revealed in its latest filing that it had sold off its stakes in SoundHound AI (NASDAQ:SOUN). The chip maker had initially invested in the company back in 2017 as part of a $75 million funding round but disclosed its stakes in February 2024.

Before the news of its selloff by Nvidia, the AI Company announced the launch of Brand Personalities on February 5th, a cutting-edge feature for its SoundHound Chat AI Automotive voice assistant. The cutting-edge innovation allows automakers to customize unique personas for their in-vehicle voice assistants, improving both user experience and brand loyalty for Original Equipment Manufacturers (OEMs).