SoundHound AI’s stock has been on a tear in recent months, riding the wave of excitement surrounding artificial intelligence. The company’s share price has climbed roughly 240% over the past year ts2.tech. Just in the past week, SOUN jumped about 15%, climbing from the mid-$15s to around $18 per share, amid a broader AI stock rally. One catalyst was Advanced Micro Devices announcing a blockbuster partnership with OpenAI: the ChatGPT creator will use up to 6 gigawatts of AMD chips to power its next-gen AI models tipranks.com. This news sent AMD stock soaring and spilled over into smaller AI names like SoundHound, as traders speculated about “potential collaborations and growth opportunities in the AI space,” according to TipRanks tipranks.com. Essentially, when big deals validate the AI industry’s prospects, investors tend to bid up all AI-related stocks in sympathy.