Why SoundHound AI Is Falling Again Today -- Is the Stock a Buy Right Now?
SoundHound AI (NASDAQ: SOUN) stock is seeing another big valuation pullback in Tuesday's trading. The conversational artificial intelligence (AI) company's share price was down 5.7% as of 2 p.m. ET and had been off as much as 13.7% earlier in the session.SoundHound AI is getting hit with big sell-offs after the company revealed that it will be delaying the filing of its annual 10-K report with the Securities and Exchange Commission (SEC). The company's share price is also getting pressured by ongoing investor concerns about macroeconomic and geopolitical risk factors.SoundHound said that it was delaying the filing due to complexities involved with its acquisitions of Synq3 and Amelia last year. The delay is raising concerns that the company might have to restate its previously reported results with wider-than-expected losses. The situation is adding another source of uncertainty for the stock's outlook, and investors are selling shares in response. The stock is now down 51% across 2025's trading. Continue reading
SoundHound AI (NASDAQ: SOUN) stock is seeing another big valuation pullback in Tuesday's trading. The conversational artificial intelligence (AI) company's share price was down 5.7% as of 2 p.m. ET and had been off as much as 13.7% earlier in the session.
SoundHound AI is getting hit with big sell-offs after the company revealed that it will be delaying the filing of its annual 10-K report with the Securities and Exchange Commission (SEC). The company's share price is also getting pressured by ongoing investor concerns about macroeconomic and geopolitical risk factors.
SoundHound said that it was delaying the filing due to complexities involved with its acquisitions of Synq3 and Amelia last year. The delay is raising concerns that the company might have to restate its previously reported results with wider-than-expected losses. The situation is adding another source of uncertainty for the stock's outlook, and investors are selling shares in response. The stock is now down 51% across 2025's trading.
