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SoundHound AI Inc. (NASDAQ:SOUN) is one of the 10 Stocks With Remarkable Gains.

SoundHound AI soared by 20.10 percent on Friday to finish at $9.56 apiece, as investors began positioning portfolios ahead of its first-quarter earnings performance.

In a notice to investors, SoundHound AI Inc. (NASDAQ:SOUN) said that it is set to announce its financial and operating highlights after market close on Thursday, May 7. It will hold a conference call to elaborate on the results.

Photo from SoundHound AI

Investors are expected to watch for the company’s updated outlook for the short-term period, given the installation of an interim chief finance officer (CFO) following the departure of Nitesh Sharan to assume a leadership role in a quantum computing company.

Sharan, who officially stepped down last April 3, was temporarily replaced by Chief Product Officer James Hom, who served as the company’s first CFO from its founding in 2005.

In other news, SoundHound AI Inc. (NASDAQ:SOUN) bagged a contract renewal with retail giant Casey’s for the deployment of the former’s voice AI technology across more than 2,600 locations.

The renewed partnership followed SoundHound AI Inc.’s (NASDAQ:SOUN) successful support to Casey’s in handling more than 21 million guest interactions and processing of millions of food orders.

“Leveraging SoundHound’s voice AI ordering agents, Casey’s stores can answer incoming calls for pizza even during peak meal times, reducing missed orders and long hold times while ensuring guests can place orders quickly and accurately,” the listed firm said.

While we acknowledge the potential of SOUN as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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