Soundhound AI - SOUN

I’ve been building long position in SOUN over the last couple of weeks. DYOR

It will be interesting to see what happens with companies like SOUN given the Microsoft results last night. SOUN already has several analyst price targets over $5 with a close yesterday at $1.69. SOUN provide AI services and API to other developers to allow other companies to easily and quickly integrate/add AI into their systems and services.

Latest short data (from nasdaq website) suggests that the short interest is about 16% with 4.6 days to cover. If this is still the case there is a potential of a short squeeze at some stage.

From a chart perspective resistance levels at $2, $2.6 and $3.75.

Results are 9th November

Fantastic results today and lots of design wins for the technology