3 Struggling Stocks Down More Than 50% This Year That Look Cheap But Come With Plenty of Risk
The stock market is in a bit of a tailspin of late as investors worry about the future of the economy. It can be a great idea to buy stocks on weakness if you're investing for the long term, but that doesn't mean that every struggling stock is going to recover.Three stocks that are down big this year but that investors should think twice about buying right now are SoundHound AI (NASDAQ: SOUN), Maravai LifeSciences (NASDAQ: MRVI), and Victoria's Secret (NYSE: VSCO). Here's why these stocks are struggling this year, and why they may not be worth buying despite their discounted valuations.Voice artificial intelligence (AI) company SoundHound went from being a hot stock in 2024 to now being in a freefall. Investors loaded up on the stock last year when they learned that chipmaker Nvidia had invested in the business. But now, with Nvidia selling its stake, investors are once again following in the tech giant's path and also unloading their shares of SoundHound.Continue reading
The stock market is in a bit of a tailspin of late as investors worry about the future of the economy. It can be a great idea to buy stocks on weakness if you're investing for the long term, but that doesn't mean that every struggling stock is going to recover.
Three stocks that are down big this year but that investors should think twice about buying right now are SoundHound AI (NASDAQ: SOUN), Maravai LifeSciences (NASDAQ: MRVI), and Victoria's Secret (NYSE: VSCO). Here's why these stocks are struggling this year, and why they may not be worth buying despite their discounted valuations.
Voice artificial intelligence (AI) company SoundHound went from being a hot stock in 2024 to now being in a freefall. Investors loaded up on the stock last year when they learned that chipmaker Nvidia had invested in the business. But now, with Nvidia selling its stake, investors are once again following in the tech giant's path and also unloading their shares of SoundHound.
