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We recently published a list of Why These 10 Stocks Soared by Double Digits Today. In this article, we are going to take a look at where SoundHound AI, Inc. (NASDAQ:SOUN) stands against other stocks that soared by double digits today.
The stock market kicked off the trading week brimming with optimism after the US and China announced a tariff truce on each other’s goods.
The tech-heavy Nasdaq booked the largest gains among the three major indices, rallying 4.85 percent. The S&P 500 followed with a 3.26-percent increase, and the Dow Jones, with 2.81 percent.
Over the weekend, the US and China reached a 90-day deal to lower tariffs on each other’s imports. US taxes on Chinese imports will drop to 30 percent from 145 percent previously, while China’s tariffs on US imports will drop to 10 percent from 125 percent earlier.
Beyond the major indices, 10 companies finished the week stronger, booking double-digit gains during the day. In this article, we name Monday’s 10 top performers and detail the reasons behind their strong performance.
To come up with the list, we considered only the stocks with a $2-billion market capitalization and $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 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.
Overall, SOUN ranks 3rd on our list of stocks that soared by double digits today. 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.