The company's share price was up 11% as of 11 a.m. ET and had been up as much as 14.9% earlier in the daily session. Meanwhile, the S&P 500 index was up 1.6% and the Nasdaq Composite index was up 2.1%.

Shares of voice artificial intelligence (AI) solutions provider SoundHound AI (SOUN) have dropped 30% in the year-to-date. Further, SOUN stock has lost 48.8% of its value from its 52-week high of $24.

Both SoundHound AI (NASDAQ: SOUN) and GitLab (NASDAQ: GTLB) are two mid-cap stocks that have shown some solid early success in AI. While they are different, SoundHound and GitLab are both software platforms using AI to grow their businesses.

Investors and traders looking for an opportunity to “Buy the Dip” on SoundHound shares should maintain a close watch on the $15 price. This price represents the next “psychological” trade level for the stock, followed by $12.5 which is where SoundHound’s bullish 50-day moving average resides.

SoundHound AI (NASDAQ: SOUN) stock is seeing strong gains in Tuesday's trading. The conversational artificial intelligence (AI) company's share price was up 2.2% as of 10:30 a.m. ET, amid a gain of 0.

The conversational artificial intelligence (AI) company's share price closed out last month up 113.1%, according to data from S&P Global Market Intelligence. Wedbush's Daniel Ives kicked off a massive bullish run for the company with a note that radically updated the firm's outlook on the stock.