Why SoundHound AI Shares Are Climbing Monday

SoundHound AI, Inc. SOUN shares are trading higher on Monday after the company announced that it has been selected to be included in the Russell 2000 and Russell 3000 Indexes.

The Details:

SoundHound AI announced Monday that the company has been selected to be included in the Russell 2000 and broad-market Russell 3000 Indexes effective after the U.S. market closed on June 23.

Keyvan Mohajer, CEO and Co-Founder of SoundHound, commented, "SoundHound's inclusion in the Russell represents another significant milestone in our journey as a public company, significantly broadening our visibility and awareness among the investment community. It's also indicative of our strength and deep expertise in voice AI, a technology that is rapidly changing the way we live and work."

SoundHound AI provides voice AI solutions through proprietary technology that delivers speed and accuracy in numerous languages to product creators across many industries via groundbreaking AI-driven products like Smart Answering, Smart Ordering, and Dynamic Interaction, a real-time, multimodal customer service interface.

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SOUN Price Action: According to Benzinga Pro, SoundHound AI shares are trading 13.3% higher at $4.14 at the time of publication.

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