NEW YORK, July 17, 2026, 3:09 p.m. EDT — SoundHound AI NASDAQ:SOUN shares rose after merger calculations indicated a potential 20-point gain in margins.

• Shares rose 0.3% to $6.33, recovering after a 5.2% drop to the session’s low.
• Trading volume totaled 39.0 million shares, about 33% higher than the 65-day average.
• Pro forma gross margin for Q1 came in at 51.6%, compared with 31.1% on a standalone basis.

SoundHound AI shares reversed earlier losses on Friday while U.S. markets remained open. The stock last changed hands at $6.33, having fluctuated between $5.98 and $6.43. Shares were still down approximately 4.7% for the week.

The turnaround occurred on 39.0 million shares, around 33% higher than typical…