SoundHound AI Jumps on Telecom Deal as Options Bets Stoke Short‑Squeeze Talk

Heavy call buying plus high short interest lifted the volatile stock into focus before May’s earnings.

Overview

Shares surged 12.6% Wednesday to an intraday high of $7.94 on trading volume about 59% above average.
A partnership announced April 9 with Associated Carrier Group will deploy its voice AI at regional carriers and signals a broader move into enterprise work.
Options traders bought about 92,140 call contracts, roughly 50% above typical levels, as short interest near 32% of the float fueled squeeze speculation.
SoundHound reported Q4 revenue of $55.06 million, up 59% year over year, guided 2026 sales to $225 million to $260 million, and set Q1 results for May 12.
Despite the rally, the company is still losing money on an adjusted basis, and insiders sold about 308,000 shares in the past 90 days, including a March 20 sale by the CEO.