10 Firms Kick Off Trading Week Soaring

6. SoundHound AI (NASDAQ:SOUN)

Shares of SoundHound AI (SOUN) surged by 21.11 percent on Tuesday to end at $16.52 apiece in line with the broader market optimism, as investors took heart from announcements by President Donald Trump to support the artificial intelligence industry through a $500-billion government funding.

SoundHound AI (SOUN) is part of a growing ecosystem fueled by major players like OpenAI, which recently formed a partnership with SoftBank and Oracle, for a joint venture company called Stargate, with an initial $100 billion investment and plans to commit up to $500 billion over the next four years to propel the AI industry.

SoundHound (SOUN), whose share price has skyrocketed by 734 percent to date, is poised to reap even greater benefits from the government’s AI-focused support over the coming years.