SoundHound AI (NASDAQ: SOUN) stock is up over 200% in 2024. Start Your Mornings Smarter! Wake up with Breakfast news in your inbox every market day. Sign Up For Free » *Stock prices used were the afternoon prices of Nov.

Impressive news from a high-profile business partner was a major reason for the stock price pop experienced by SoundHound AI (NASDAQ: SOUN) on Thursday. The artificial intelligence (AI) company was up by nearly 9% in late-session trading,

In SoundHound's third-quarter results, which went up to the end of September, the company again generated fantastic revenue growth, with sales rising by 89% year over year to $25.1 million. But according to the company's earnings report, the increase in revenue was primarily due to SoundHound's recent acquisitions of AI companies Amelia and SYNQ3.