Stock Market Today, March 16: SoundHound AI Rises After Debuting On-Device Car Assistant at Nvidia GTC
2026-03-16 18:40:16 ET
SoundHound AI (NASDAQ:SOUN) , a voice AI platform for automotive and customer service, closed Monday at $7.54, up 3.25%. The stock moved higher after news of its new Edge Agentic+ platform at Nvidia’s GTC 2026, and investors are watching adoption of its on-device automotive assistant and broader edge AI roadmap.
The company’s trading volume reached 44.4 million shares, which is about 71% above compared with its three-month average of 26 million shares. SoundHound AI went public in 2022 and has grown 0% since its IPO.
The S&P 500 (SNPINDEX:^GSPC) gained 1.01% to finish Monday at 6,699.38, while the Nasdaq Composite (NASDAQINDEX:^IXIC) advanced 1.22% to close at 22,374. Within software & programming names, peer Palantir Technologies (NASDAQ:PLTR) closed at $152.72 (+1.17%) and AppLovin (NASDAQ:APP) ended at $453.3 (-1.17%), underscoring mixed sentiment across AI-focused software stocks.
NASDAQ: APP
APP Trading
-1.46% G/L:
$601.59 Last:
1,408,240 Volume:
$613.86 Open:
