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Soundhound AI Soars: Texas DOT Deal Boosts Stocks!

Wednesday, Jun 4, 2025 6:32 am ET1min read

Soundhound Ai, Inc. rose 1.31% in premarket trading, with Rekor SystemsREKR--, Inc. being selected for a multi-year statewide contract by the Texas Department of Transportation (TxDOT). The award includes an eight-figure blanket purchase order for the implementation of Rekor Command®, an advanced incident management and situational awareness platform, to enhance traffic operations, reduce congestion, and improve roadway safety. This news is likely to have a positive impact on the stock price of Soundhound AiSOUN--, Inc. as it indicates a growing demand for AI and machine learning technologies in the transportation sector.

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