With SoundHound AI Stock Down 68%, Should You Buy the Dip?
SoundHound AI (NASDAQ: SOUN) has been clobbered on the stock market this year. Shares of the provider of conversational artificial intelligence (AI) voice solutions have retreated 62% as of this writing even though the company has been delivering outstanding growth in recent quarters.A big reason behind SoundHound AI's sell-off this year has been the risk-averse nature of investors caused by the ongoing economic uncertainty. The trade tariffs imposed by the White House sent stocks packing, leading to an increase in the probability of a recession. As a result, high-flying stocks such as SoundHound that delivered stunning gains in 2024 are taking a big hit, as investors looking to book profits and preserve capital.However, is this AI stock worth buying following its recent pullback, especially considering its remarkable growth and the huge end-market that it could benefit from? Let's find out.Continue reading
SoundHound AI (NASDAQ: SOUN) has been clobbered on the stock market this year. Shares of the provider of conversational artificial intelligence (AI) voice solutions have retreated 62% as of this writing even though the company has been delivering outstanding growth in recent quarters.
A big reason behind SoundHound AI's sell-off this year has been the risk-averse nature of investors caused by the ongoing economic uncertainty. The trade tariffs imposed by the White House sent stocks packing, leading to an increase in the probability of a recession. As a result, high-flying stocks such as SoundHound that delivered stunning gains in 2024 are taking a big hit, as investors looking to book profits and preserve capital.
However, is this AI stock worth buying following its recent pullback, especially considering its remarkable growth and the huge end-market that it could benefit from? Let's find out.
