Why These 24 Stocks Are Skyrocketing

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

Q4 Returns as of December 31, 2024: 326%

SOUN registered a 326% growth in its share price in Q4 2024, finishing the quarter ended December 31 at $19.8 apiece from the $4.66 close on September 30, 2024.

SOUN has diversified into several industries and customers, as of Q3 2024, logging  $25.1 million in revenue, growing by 89% year-over-year.

SoundHound AI is growing, but not just in terms of revenue. During the third quarter, the company signed plenty of partnerships and acquisitions aligning with its expansion strategy.

In December, the company onboarded Church’s Texas Chicken as a customer to power voice AI at the company’s drive-through. Similarly, on January 2, Lucid Motor launched their Lucid Assistant, powered by SoundHound Chat AI, in their electric vehicles.

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