Down Nearly 60%, Should You Buy the Dip on SoundHound AI?

The developer of voice recognition tools is still growing like a weed. SoundHound AI (SOUN 2.32%), a developer of artificial intelligence (AI)-powered audio recognition tools, saw its stock close at a record high of $24.23 on Dec. 26, 2024. But since then, its stock has declined nearly 60%. Its adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) margins came in at negative 73% last year -- which broadly missed its original target of achieving a positive adjusted EBITDA margin b ...