Why These 10 Firms Recorded Double-Digit Gains Last Week

7. SoundHound AI Inc. (NASDAQ:SOUN)

SoundHound AI jumped by 21.7 percent week-on-week to close Friday’s trading at $9.52 apiece versus the $7.82 finish on April 17 as investors cheered news that it partnered with Tencent Intelligent Mobility to enhance the latter’s cloud-based solutions for the automotive industry.

In a statement, SoundHound AI Inc. (NASDAQ:SOUN) said that Tencent is working on integrating SoundHound Chat AI Automotive to give drivers and passengers access to a range of applications, car controls, and entertainment domains just through natural speech.

SoundHound AI Inc.’s (NASDAQ:SOUN) conversational voice intelligence is capable of handling complex conversational questions and intelligently filtering responses to ensure users get relevant and useful responses.

“The collaboration will enable Tencent Intelligent Mobility to deliver dynamic, localized user experiences to automotive players across geographies that are looking to provide end users with seamless hands-free access to a range of in-vehicle applications,” it said.