Why Is SoundHound AI (SOUN) Stock Soaring Today
  • February 28, 2025

Why Is SoundHound AI (SOUN) Stock Soaring Today

Shares of voice AI recognition company SoundHound (NASDAQ:SOUN) jumped 17.2% in the afternoon session after the company reported strong fourth-quarter results, surpassing analysts' revenue expectations. Revenue more than doubled year-on-year, reflecting continued growth in its AI voice technology business. However, profitability missed due to a $221 million non-recurring charge. Given the recent sharp declines in the stock, expectations were likely low, and the stock traded up.

CME Group plans to launch Solana futures on March 17
  • February 28, 2025

CME Group plans to launch Solana futures on March 17

(Reuters) -CME Group said on Friday that it plans to roll out futures contracts on cryptocurrency Solana on March 17, pending regulatory review. The exchange said it expects to debut two contracts, one for 500 Solana coins and a "micro-sized" contract for 25 Solana. "We are responding to increasing client demand for a broader set of regulated products to manage cryptocurrency price risk," said Giovanni Vicioso, global head of cryptocurrency products at CME.