SoundHound AI Inc. SOUN Shares are trading higher on Wednesday. The stock has gained nearly 100% in the last month, driven by developments in technology deployment, increased market enthusiasm for conversational AI and improved financial performance. Here’s what you need to know:

What you should know: On November 22, SoundHound announced the successful deployment of its conversational AI agent Amelia at Apivia Courtage, part of the French AEMA group. The AI ​​system processed over 100,000 customer calls in 2024, reducing the volume of human-managed requests by almost 20%. The project aimed to improve operational efficiency and free employees to focus on higher value tasks.

In a separate announcement on November 14, SoundHound highlighted its long-term partnership with Kia, which includes integrating its voice AI technology into Kia vehicles in India. The system supports Hindi as the main language and plans to add ten more regional languages. This move reflects the company’s expansion into localized markets with high demand.

SoundHound also reported strong third-quarter earnings in early November. Revenue rose 89% year over year to $25.1 million, beating analysts’ expectations of $23.02 million. The company also raised its full-year 2024 and 2025 revenue guidance, forecasting $82 million to $85 million in 2024 and $155 million to $175 million in 2025.

Short interest in SoundHound remains high, with 24.05% of the float sold short. Still, the stock saw significant upward momentum, supported by strong performance metrics and investor optimism about the role of voice AI in emerging markets.

SoundHound executives are expected to attend upcoming investor conferences in December, which could provide further insight into the company’s growth strategy. The stock’s recent performance may indicate continued interest from both retail and institutional investors.

SOUN price promotion: Shares of SoundHound AI closed Wednesday up 14.30% at $10.15, according to Benzinga Pro.

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