SoundHound Buys Interactions: AI Expansion or Risky Bet?

SoundHound AI stock jumps 7.5% after acquiring Interactions Corporation for $85 million, boosting its AI-powered customer service offerings. Fueled by a tech sector rally, driven by Nvidia's OpenAI partnership and SoundHound's own impressive 217% revenue surge, the stock closed up 6.3%. Despite the volatility—nearly 100 moves exceeding 5% in the past year—and broader market tailwinds from Federal Reserve rate cuts, SoundHound remains down 14% YTD, highlighting both the high-growth potential and the risks for investors in this AI player. Hosted on Acast. See acast.com/privacy for more information.