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Why SoundHound AI's Stock Is Plummeting Today
The Motley Fool· 2025-02-24 20:11
Group 1 - SoundHound AI's stock experienced a significant decline, dropping 8.8% during trading, with a peak decline of 11.9% earlier in the session [1] - The overall tech sector is facing a pullback as investors prepare for Nvidia's fourth-quarter earnings report, which could impact SoundHound AI [2] - Nvidia's upcoming earnings report is highly anticipated and may lead to substantial valuation shifts in AI stocks, including SoundHound AI, due to its forward-looking valuation [2] Group 2 - Nvidia has divested all its shares in SoundHound AI, raising concerns among investors about potential competitive pressures from Nvidia's new AI offerings [3] - SoundHound AI's stock has shown high volatility recently, with its valuation multiples decreasing significantly, yet it still trades at approximately 23 times this year's expected sales [4]
Could Buying SoundHound AI Stock Set You Up for Life?
The Motley Fool· 2025-02-24 15:48
So far, 2025 has not been kind to SoundHound AI (SOUN -10.33%) stock. The speech recognition specialist's shares are down 45% year to date. And the pessimism intensified on Feb. 14 after Nvidia's latest 13F filing with the Securities and Exchange Commission revealed that the chip giant had sold its entire equity stake in SoundHound during the fourth quarter.Yet SoundHound remains a small company pursuing a potentially massive niche, so if things go well, its stock could deliver extraordinary returns. With t ...
Is Soundhound AI Stock a Buy After Its Nvidia-Fueled Sell-off?
The Motley Fool· 2025-02-23 17:30
Soundhound AI's (SOUN -5.50%) shares skyrocketed as much as 883% last year. However, the artificial intelligence (AI) stock is now down roughly 55% from its peak in late December.You can blame part of this decline on the Federal Reserve. Investors were spooked when the Fed signaled there could be fewer interest rate cuts than expected in 2025. This caused many high-flying growth stocks, including Soundhound AI, to fall.However, another culprit was behind Soundhound AI's plunge of nearly 30% in recent days - ...
SoundHound AI, Inc. (SOUN) Registers a Bigger Fall Than the Market: Important Facts to Note
ZACKS· 2025-02-20 23:50
SoundHound AI, Inc. (SOUN) ended the recent trading session at $10.90, demonstrating a -1.52% swing from the preceding day's closing price. The stock's performance was behind the S&P 500's daily loss of 0.43%. Meanwhile, the Dow lost 1.01%, and the Nasdaq, a tech-heavy index, lost 0.47%.Coming into today, shares of the company had lost 32.42% in the past month. In that same time, the Computer and Technology sector gained 0.32%, while the S&P 500 gained 2.6%.Analysts and investors alike will be keeping a clo ...
SoundHound AI Stock at a Crossroads—Is a Bottom in Sight?
MarketBeat· 2025-02-20 12:37
SoundHound AI TodaySOUNSoundHound AI$11.07 -0.37 (-3.23%) 52-Week Range$3.46▼$24.98Price Target$12.36Add to WatchlistSoundHound NASDAQ: SOUN stock may not have found its February bottom yet, but the odds are high that the market will hit it soon and begin to rebound. That is because of the company’s improving business quality, hypergrowth, valuation, and analysts' sentiment. However, the odds of a new all-time high are slim given the threat of dilution, so investors should expect volatility in 2025 with so ...
SoundHound AI Plunges After Nvidia Exits Its Stake. Should Investors Follow Suit?
The Motley Fool· 2025-02-20 11:30
Shares of SoundHound AI (SOUN -3.23%) plunged following a revelation that Nvidia (NVDA -0.12%) exited its investment in the voice artificial intelligence (AI) company. The stock is now down more than 40% on the year as of this writing; however, it is up more than 385% over the past year.SoundHound stock was pulled out of obscurity when it was revealed that the semiconductor giant purchased shares in the company in the fourth quarter of 2023. The stock immediately rocketed higher on the news, but it made its ...
Should Investors Buy SoundHound AI Stock Before Feb. 27?
The Motley Fool· 2025-02-20 11:15
SoundHound AI (SOUN -3.23%) stock crashed after Nvidia (NVDA -0.12%) disclosed it sold all of its shares in the innovative growth stock.*Stock prices used were the afternoon prices of Feb. 17, 2025. The video was published on Feb. 19, 2025. ...
Nvidia Just Sold 1 of Last Year's Best-Performing Artificial Intelligence (AI) Stocks
The Motley Fool· 2025-02-20 10:25
Nvidia's (NVDA -0.12%) graphics processors (GPUs) for the data center are the gold standard when it comes to developing artificial intelligence (AI). The company has added $3 trillion to its market capitalization over the last couple of years on the back of surging demand for those chips.Nvidia started spreading some of that wealth by investing in smaller AI stocks at the end of 2023. One of them is a leading developer of conversational AI software called SoundHound AI (SOUN -3.23%), and during 2024, its st ...
SoundHound AI Stock Selloff Explained - Buy More SOUN Shares?
ZACKS· 2025-02-18 21:06
Courtesy of the artificial intelligence (AI) boom, SoundHound AI, Inc. (SOUN) stock has soared over 380% in the past year. However, its upward journey abruptly stopped, leaving investors concerned about SoundHound AI’s prospects. Are investors panicking needlessly, or is the stock a risky but potentially rewarding investment? Let’s explore – NVIDIA Dumps SoundHound AI, More Challenges AheadSoundHound AI stock slumped 28.1% on Friday after NVIDIA Corporation’s (NVDA) latest 13-F form revealed no stake in SOU ...
SoundHound AI sinks 28% in a day—Here's what triggered the drop
Finbold· 2025-02-18 13:43
Core Viewpoint - SoundHound AI experienced a significant decline in stock price following Nvidia's complete divestment from the company, raising concerns about its future growth trajectory and investor sentiment [1][3]. Group 1: Stock Performance and Market Reaction - On February 14, 2025, SoundHound AI's stock fell by 28.1%, closing at $10.97 after Nvidia announced it had fully exited its stake in the company [1]. - Nvidia's previous stake of 1.71 million shares was valued at approximately $33.57 million at the end of 2024, based on a closing price of $19.43 on December 31 [3]. - The divestment from SoundHound AI, although small relative to Nvidia's $3.36 trillion market cap, sent a negative signal to the market, exacerbating concerns about SoundHound AI's growth [3]. Group 2: Nvidia's Investment Strategy - Nvidia's exit from SoundHound AI was part of a broader portfolio reshuffle, which included a 43.83% reduction in its stake in Arm Holdings and sales of shares in Serve Robotics and Nano X Imaging [4]. - New investments were made by Nvidia in WeRide Inc., a self-driving technology company, and Nebius Group N.V., an AI cloud computing firm [4]. Group 3: Future Outlook for SoundHound AI - Despite the stock decline, SoundHound AI trades at 26.8 times its projected sales for the year, indicating vulnerability to further market volatility [5]. - The company has demonstrated strong revenue growth and maintains a presence in the expanding voice AI market, particularly in healthcare, automotive, and smart devices [6]. - Analysts, including Wedbush's Daniel Ives, remain optimistic about SoundHound AI's long-term potential in the AI sector, labeling it a 'long-term winner in the AI revolution' [6].