Prediction: The Fed's Rate Cut Could Actually Hurt This Artificial Intelligence (AI) Stock
SoundHound AI(SOUN) The Motley Fool·2024-09-21 14:20
Raising capital theoretically just got easier. That's not always a good thing. In theory, companies that are looking to raise money just got a big boost. That's because the Federal Reserve just lowered the federal funds rate by 50 basis points. The interest rates of debt, as well as the cost of equity, should be more affordable for nearly every business. Markets in general are looking at this as a good thing. But there's one artificial intelligence (AI) stock that might actually be weaker following the rate ...