SoundHound AI Inc (NASDAQ:SOUN) stock is trading lower by 5.3% to $14.21 during Monday's session, potentially due to profit-taking and cooling off after an extraordinary year-to-date rally of over 500%. The stock has been a standout performer, driven by excitement around its voice AI technology.
Recent gains have been fueled by SoundHound's Smart Ordering system now used in Torchy's Tacos and other global locations, which was announced last week.
Read Also: Nvidia Hit With Antitrust Probe in China, Stock Slides
What To Know About The Partnership: SoundHound AI's voice AI Smart Ordering system is now deployed across all 130 Torchy's Tacos locations, enabling customers to place phone orders using natural speech. Trained on Torchy's menu, the system handles custom orders, answers questions about menu items and manages multiple calls simultaneously.
Torchy's CTO praised its reliability and role in enhancing guest experiences while freeing staff to focus on food preparation. SoundHound's solutions are used in over 10,000 global locations, processing 100+ million interactions.
A consumer study suggests growing acceptance of voice AI, signaling its transformative potential in automating and improving restaurant operations.
Read Also: Tesla Model Q Priced Below $30,000 After Subsidies To Reportedly Launch In First Half Of 2025
How To Buy SOUN Stock
By now you're likely curious about how to participate in the market for SoundHound AI – be it to purchase shares, or even attempt to bet against the company.
Buying shares is typically done through a brokerage account. You can find a list of possible trading platforms here. Many will allow you to buy 'fractional shares,' which allows you to own portions of stock without buying an entire share. For example, some stock, like Berkshire Hathaway, can cost thousands of dollars to own just one share. However, if you only want to invest a fraction of that, brokerages will allow you to do so.
In the the case of SoundHound AI, which is trading at $13.92 as of publishing time, $100 would buy you 7.18 shares of stock.
If you're looking to bet against a company, the process is more complex. You'll need access to an options trading platform, or a broker who will allow you to 'go short' a share of stock by lending you the shares to sell. The process of shorting a stock can be found at this resource. Otherwise, if your broker allows you to trade options, you can either buy a put option, or sell a call option at a strike price above where shares are currently trading – either way it allows you to profit off of the share price decline.
According to data from Benzinga Pro, SOUN has a 52-week high of $16.07 and a 52-week low of $1.62.
