Why was SOUN removed from Russell index
7/2/2025 04:48am
SoundHound AI was removed from the Russell indices due to a change in its market positioning, despite a recent 20% price increase and positive first-quarter earnings. The company's recent partnerships with Allina Health and Tencent Intelligent Mobility likely provided added momentum amid a market environment that saw overall bullish sentiment in major indices like the Nasdaq and S&P 500. The removal may influence investor perception by altering its visibility and liquidity in the market.