SoundHound AI (SOUN, Financial) has introduced its AI voice ordering service at Torchy’s Tacos, a burrito chain, across all 130 locations. This development has significantly boosted SoundHound's market valuation, with its stock price soaring 31.33% and a month-long rise of nearly 150%, reaching a market cap of $4.929 billion.
The AI service allows customers to place orders, inquire about menu details, and manage custom orders via phone, enhancing order efficiency. SoundHound's technology is operational in over 10,000 locations worldwide, handling over 100 million customer interactions.
Despite its potential, some analysts warn of stock volatility, suggesting that recent price surges may not solely be justified by the Torchy's Tacos partnership, indicating possible valuation discrepancies.
