Friday's Top 5 Trending Stocks: What's Going On With SoundHound AI, GameStop, Lululemon?

SoundHound AI, Inc. SOUN, GameStop Corp. GME, Lululemon Athletica Inc. LULU, Uber Technologies, Inc. UBER and Ulta Beauty, Inc. ULTA are the top five trending tickers on Yahoo Finance Friday. 

Here’s a look at what is grabbing retail investors’ attention. 

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• SOUN: SoundHound AI shares soared Thursday after the company announced the deployment of its voice AI Smart Ordering system at all 130 Torchy’s Tacos locations. It's not just tacos that are on fire:  SoundHound stock is burning up the charts, gaining nearly 150% over the past month. 

• GME: Roaring Kitty is back with another cryptic social media post, sparking yet another round of speculation in GameStop and other meme stocks like AMC Entertainment Holdings, Inc. AMC, Koss Corp. KOSS and Blackberry Ltd. BB.  

• LULU: Lululemon reported strong third-quarter results after Thursday's closing bell with international revenue rising 33% since last year. Several analysts raised price targets on the stock following the print and investors are piling into the ath-leisure name on Friday. 

• UBER: Uber is trending as shares dropped nearly 9% Thursday on news that Waymo will launch its robotaxi service in Miami in 2026. On Friday, Uber announced the launch of its ride-hailing partnership in Abu Dhabi, marking the first time autonomous vehicles (AVs) are available on the Uber platform outside the U.S.

• ULTA: Ulta Beauty shares are trading higher after the company reported better-than-expected third-quarter results on Thursday and raised its fiscal 2024 outlook. Ulta reported quarterly earnings of $5.14 per share, beating the analyst consensus estimate of $4.54, as part of its blockbuster report. 

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Image: Moondance from Pixabay