5 Hot Tech Stocks to Invest in Now

3. SoundHound AI, Inc. (NASDAQ:SOUN)

3-Month Average Volume: 57.61M

Year-to-date Performance: 183.73%

Number of Hedge Fund Holders: 13

SoundHound AI, Inc. (NASDAQ:SOUN) is a technology company offering an independent voice AI platform that enables businesses across industries to deliver conversational experiences to their customers.

SoundHound AI, Inc. (NASDAQ:SOUN) shares are up nearly 184% year-to-date at the time of writing. The significant surge in the share price followed NVIDIA Corporation’s (NASDAQ:NVDA) SEC filing which showed that it holds a stake in the voice AI platform maker.

SoundHound AI, Inc. (NASDAQ:SOUN) ranks lowest on our list of 12 hot tech stocks to invest in now based on market capitalization as well as hedge fund ownership. Its shares were owned by 13 of the 933 hedge funds tracked by Insider Monkey, as of Q4 2023.