Options Corner: Wall Street's Blind Spot On SoundHound AI Sets Up A Bullish Edge

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Options Corner: Wall Street's Blind Spot On SoundHound AI Sets Up A Bullish Edge - Benzinga

Quick Summary:

Adding to the pressure, the options market lit up last week, with sweep transactions for sold calls hitting SOUN stock.

Although artificial intelligence specialist SoundHound AI Inc (NASDAQ:SOUN) represents one of the more innovative entities in the broader digitalization movement, it's also fair to point out that its equity suffers from wild valuation swings.

By comparison to last year, the sales tally represented 151% growth, an achievement sparked by strategic acquisitions and strong demand from the automotive and restaurant sectors.