ChatGPT frenzy continues to lift artificial intelligence stock SoundHoundAI as it soars 300% in the last month
The stock rose 5% to $4.23, after closing with a gain of 43% just a day earlier. SoundHoundAI's meteoric rise has seen the stock add nearly 300% since January 6, after going public via a special purpose acquisition company in April of last year.
Early on Tuesday, SoundHound announced plans to add voice-enabled operating ability to artificial intelligence applications like ChatGPT. SoundHound specializes in voice-activated interfaces to cars and a variety of other devices. The company did not specifically list ChatGPT as one of its potential future partnership clients. has spurred a rising tide for both small-cap and large-cap firms since the launch of ChatGPT in November.on Monday, while Microsoft is expected to make a ChatGPT announcement on Tuesday after making a multibillion-dollar investment in the chat bot's parent company OpenAI.
The investor stampede into AI stocks has extended to China as well. Shares in Baidu surged on Tuesday after theBut other stocks that have seen bull runs in recent weeks, including BigBear.ai and C3.ai, have cooled off somewhat. Google's Bard announcement likewise did little to lift parent-company Alphabet stock on Monday.
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