SoundHound AI's stock, trading under the ticker symbol $SOUN, experienced a significant increase of 20% on November 22, 2024, bringing its year-to-date gain to 270%. This surge in stock price has raised questions about the underlying factors, including a notable short base in the stock. Analysts have observed a high volume of options trading, with a put/call ratio of 14,000 to 72,000. Additionally, Nvidia disclosed a $3.67 million stake in SoundHound earlier in February 2024, which may have contributed to the stock's upward momentum. The overall market sentiment appears to be bullish, with substantial call options being traded, indicating investor confidence in SoundHound's future performance.