SoundHound AI Jumps on Telecom Deal and Heavy Call Buying Ahead of Earnings

Overview

• The stock, which rose 12.6% Wednesday to an intraday high of $7.94, drew fresh short-squeeze chatter before the quarterly results on May 12.
• Options traders bought about 92,140 call contracts, roughly 50% above typical daily volume, signaling bets on more upside.
• A partnership announced April 9 between SoundHound and Associated Carrier Group will bring its voice AI to regional telecom operators to speed customer support.
• Enterprise rollouts now include Quálitas using agentic AI to automate claims and Peet’s Coffee giving store staff a voice assistant for real-time help.
• Recent revenue grew 59% year over year to $55.06 million and 2026 guidance is $225 million to $260 million, yet shares sit below the $11.25 200-day average after insiders sold about 308,000 shares in the past 90 days.