Shares of SoundHound AI ( SOUN 1.53%) had a field day on Tuesday. The stock gained as much as 17.9%, peaking at 10:10 a.m. ET, before settling down to a 14% gain as of 3 p.m. ET. This does not appear to be a meme stock push, as most sources report very limited SoundHound AI discussion in the usual meme-oriented investing channels.

SOUN surged 211.6% in a year, but with $188M in losses, can it truly rival NVDA's $4T dominance in the AI race?