We recently published a list of Why These 10 Firms Recorded Double-Digit Gains Last Week. In this article, we are going to take a look at where SoundHound AI Inc. (NASDAQ:SOUN) stands against other firms that recorded double-digit gains last week.
Ten companies finished the past trading week on a high note, outperforming the three major indices with double-digit gains amid a flurry of catalysts, including upcoming earnings releases, that sparked buying appetite.
Week-on-week, the Nasdaq rallied by 6.7 percent, the S&P 500 clocked in a 4.59-percent gain, while the Dow Jones was up by 2.48 percent.
In this article, we have listed last week’s top 10 performing stocks and detailed the reasons behind their gains. The stocks were chosen based on the highest percentage increase in closing prices on April 25 as against their prices on April 17, or the week prior.
To come up with the list, we considered only the companies with a $2-billion market capitalization and a $5-million trading volume.
A software engineer focused on a computer screen, writing code to create a conversational assistant.
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.
Overall, SOUN ranks 7th on our list of firms that recorded double-digit gains last week. While we acknowledge the potential of SOUN as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than SOUN but that trades at less than 5 times its earnings, check out our report about this cheapest AI stock.
READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.
Disclosure: None. This article is originally published at Insider Monkey.
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