Filings Reveal Major Hedge Fund Just Bought Massive Stake in AI Stock SoundHound
An increasingly popular artificial intelligence company just brought a new major investor on board
Artificial Intelligence (AI) has been perhaps the hottest sector for investors over the past year. With such technology infiltrating so many aspects of everyday life, trying to identify the movers and shakers, both in the present and future, has led to a veritable gold rush as people try to get in on the ground floor of what they hope will turn into the next big thing. One of the recent darlings has been SoundHound (SOUN), which has seen huge price fluctuations and an influx of positive news, including the most recent announcement of a major hedge fund who just took a massive position in their stock.
According to their website, SoundHound offers the following services:
“SoundHound’s independent voice AI platform connects people to brands through customized conversational experiences that voice-enable products, services, and apps while giving companies access to their valuable data and analytics for greater control and brand ownership of the customer experience.”
In the early weeks of 2024, Soundhound was trading at under $2.00 per share. Suddenly, in mid-February it began…
