1 Growth Stock Down 67% to Buy Right Now
SoundHound AI (NASDAQ: SOUN) was in red-hot form toward the end of last year, hitting a 52-week high on Dec. 26, 2024, as investors capitalized on the fast-growing demand for the company's services and bought up shares of this voice-focused artificial intelligence (AI) solutions provider. SoundHound was identified as an emerging player in the conversational AI market last year, while the customers' rapid adoption of the company's offerings also added to the stock's momentum. Since hitting that high, however, the stock price has dropped a whopping 67%. The drop can be attributed to factors such as the overall weakness in the stock market in 2025, tariff-related uncertainty, an expensive valuation, and the news that Nvidia sold its entire stake in the company.SoundHound's sharp decline could be cause for concern, or it could be an opportunity for savvy investors to buy a fast-growing AI company at a relatively cheaper valuation. Let's look at the reasons why buying this AI stock looks like a smart thing to do right now.Continue reading
SoundHound AI (NASDAQ: SOUN) was in red-hot form toward the end of last year, hitting a 52-week high on Dec. 26, 2024, as investors capitalized on the fast-growing demand for the company's services and bought up shares of this voice-focused artificial intelligence (AI) solutions provider. SoundHound was identified as an emerging player in the conversational AI market last year, while the customers' rapid adoption of the company's offerings also added to the stock's momentum.
Since hitting that high, however, the stock price has dropped a whopping 67%. The drop can be attributed to factors such as the overall weakness in the stock market in 2025, tariff-related uncertainty, an expensive valuation, and the news that Nvidia sold its entire stake in the company.
SoundHound's sharp decline could be cause for concern, or it could be an opportunity for savvy investors to buy a fast-growing AI company at a relatively cheaper valuation. Let's look at the reasons why buying this AI stock looks like a smart thing to do right now.