10 Stocks Jump on Impressive Earnings, Bullish Outlooks

4. SoundHound AI Inc. (NASDAQ:SOUN)

SoundHound AI extended its winning streak for the fourth day on Tuesday, with the company surging by 10.32 percent to finish at $15.71 each as investor sentiment was buoyed by news that China announced tariffs on select US imports in retaliation to President Donald Trump’s imposition of levies on Chinese goods.

Over the weekend, the US officially began imposing 10 percent taxes on Chinese goods, while a 25 percent levy on Canadian and Mexican goods was put on hold to make way for discussions between the US and the said countries.

Meanwhile, SoundHound AI does business with China, and any trade war with the US could create a domino effect on its bottom line.