Is Soundhound AI Stock a Buy After Its Nvidia-Fueled Sell-off?
Soundhound AI's (NASDAQ: SOUN) 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 -- Nvidia (NASDAQ: NVDA). Is the beaten-down AI stock a buy after its Nvidia-fueled sell-off?Continue reading
Soundhound AI's (NASDAQ: SOUN) 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 -- Nvidia (NASDAQ: NVDA). Is the beaten-down AI stock a buy after its Nvidia-fueled sell-off?
