10 Stocks Outperform Wall Street Indices on Wednesday

7. SoundHound AI Inc. (NASDAQ:SOUN)

SoundHound AI firmed up on Wednesday, finishing the day up by 7.53 percent to close at $9.57 apiece as investors bought up shares ahead of the release of its earnings performance on Thursday, February 27.

In addition, funds poured into quantum computing stocks, including SOUN, following Nvidia Corp.’s announcement of its fourth-quarter earnings release after market close on Wednesday.

It can be recalled that SOUN was one of the stocks sold off by NVDA over the past few months, but the outlook remained bullish for the company following earlier statements from NVDA CEO Jensen Huang that the giant chipmaker will support the growth of quantum computing stocks over the next few years.

Also on Tuesday, SOUN announced the next generation of its voice AI-powered platform for restaurants, enhancing its Dynamic Drive-Thru solution’s accuracy and speed, and adding seamless omnichannel ordering.

With the new service, restaurants can now extend their AI automation beyond the drive-thru to include Call-to-Order, Text-to-Order, Scan-to-Order, and In-Car Voice Ordering.