SOUN: Stock Eyes $9.15 as Double Bottom Signals Bullish Reversal

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SOUN: Stock Eyes $9.15 as Double Bottom Signals Bullish ReversalSoundHound AI, Inc Class ABATS:SOUNtimothysmith78SoundHound AI (SOUN) shares jumped 6% Monday after the provider of voice generative AI announced that its automotive and IoT AI business grew 88% in the first quarter from a year earlier. The company added that its total revenue over the same period surged 52% to $44.2 million, buoyed by new customer deals. Taking a closer look at the technicals, the stock appears to be carving out a potential double bottom, a chart pattern that signals a bullish upside reversal. If the shares continue to gain ground in upcoming trading sessions, keep a close eye on the $9.15 level. This area provides an overhead target near the double bottom's neckline, which also doubles as a horizontal line that connects a series of price action extending back to February last year.