SoundHound AI Is Sinking Today -- Is It Time to Buy the Stock?
SoundHound AI (NASDAQ: SOUN) stock is seeing another day of big sell-offs in Tuesday's trading. The company's share price was down 6.4% as of 1:50 p.m. ET and had been down as much as 10% earlier in the day.SoundHound AI and other growth-dependent artificial intelligence (AI) stocks are seeing big valuation pullbacks in today's trading as investors adjust to emerging macroeconomic risk factors. News that the Trump administration plans to move ahead with substantial new tariffs has added to existing concerns about higher-than-anticipated inflation, and reports that new restrictions will be placed on the export of semiconductors to China are also causing risk-off sentiment in the market.Adding another bearish catalyst for SoundHound AI stock, investors are feeling some nerves ahead of Nvidia's Q4 report tomorrow. The artificial intelligence (AI) giant's Q4 results and forward guidance will provide some insights into the overall growth outlook in the AI market. SoundHound stock is now down 55% year to date.Continue reading
SoundHound AI (NASDAQ: SOUN) stock is seeing another day of big sell-offs in Tuesday's trading. The company's share price was down 6.4% as of 1:50 p.m. ET and had been down as much as 10% earlier in the day.
SoundHound AI and other growth-dependent artificial intelligence (AI) stocks are seeing big valuation pullbacks in today's trading as investors adjust to emerging macroeconomic risk factors. News that the Trump administration plans to move ahead with substantial new tariffs has added to existing concerns about higher-than-anticipated inflation, and reports that new restrictions will be placed on the export of semiconductors to China are also causing risk-off sentiment in the market.
Adding another bearish catalyst for SoundHound AI stock, investors are feeling some nerves ahead of Nvidia's Q4 report tomorrow. The artificial intelligence (AI) giant's Q4 results and forward guidance will provide some insights into the overall growth outlook in the AI market. SoundHound stock is now down 55% year to date.
