Nvidia Sold All of Its SoundHound AI Stock. Should Investors Follow This AI Leader?
One of the original catalysts for why SoundHound AI (NASDAQ: SOUN) went on a massive run was that it was revealed that Nvidia invested in it. This automatically gave SoundHound credibility as to its position in the artificial intelligence (AI) arms race. However, that is no longer the case.In its latest 13F filing (which reveals what investments a company holds if it has more than $100 million invested across its portfolio), the public became aware that Nvidia sold all of its SoundHound AI stake and trimmed some others. This caused SoundHound's stock to sell off, as many investors assume that Nvidia knows something we don't.So, is this true? Or could this be a massive buying opportunity?Continue reading
One of the original catalysts for why SoundHound AI (NASDAQ: SOUN) went on a massive run was that it was revealed that Nvidia invested in it. This automatically gave SoundHound credibility as to its position in the artificial intelligence (AI) arms race. However, that is no longer the case.
In its latest 13F filing (which reveals what investments a company holds if it has more than $100 million invested across its portfolio), the public became aware that Nvidia sold all of its SoundHound AI stake and trimmed some others. This caused SoundHound's stock to sell off, as many investors assume that Nvidia knows something we don't.
So, is this true? Or could this be a massive buying opportunity?
