Why These 10 Stocks Soared by Double Digits Today

3. SoundHound AI, Inc. (NASDAQ:SOUN)

SoundHound AI grew its share prices by 22.61 percent on Monday to end at $11.01 apiece as investors loaded portfolios following an impressive earnings performance in the first three months of the year.

In a statement late last week, SoundHound AI, Inc. (NASDAQ:SOUN) said it swung to a net income of $129.9 million from a $33 million net loss in the same period last year, supported by a 151-percent expansion in revenues at $29 million versus $11.59 million year-on-year.

The company also swung to an operating income of $128 million, a reversal from the $28.5-million operating loss in the same period a year ago.

SoundHound AI, Inc. (NASDAQ:SOUN) remained optimistic for the rest of the year, with full-year revenue outlook expected to settle anywhere between $157 million and $177 million.

SoundHound AI, Inc. (NASDAQ:SOUN) is a global leader in voice and conversational intelligence, delivering AI solutions that allow businesses to upgrade experiences for their customers.