SoundHound AI Stock Surges Amid Institutional Adoption
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SoundHound AI's stock has defied expectations with a 107% rally since March, fueled by strong earnings and strategic wins. The voice recognition specialist now holds a top 2.5% weighting in the Russell 2000 index, with Vanguard emerging as its largest shareholder through an $194 million position.
Institutional momentum builds as index fund allocations compound the stock's gains. The Russell 2000 rebalancing and Vanguard's 11.7 million share stake demonstrate growing confidence in AI-powered voice technology, despite the stock's meme-driven volatility earlier this year.
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