SoundHound AI (SOUN -3.23%) stock crashed after Nvidia (NVDA -0.12%) disclosed it sold all of its shares in the innovative growth stock.
Nvidia's (NVDA -0.12%) graphics processors (GPUs) for the data center are the gold standard when it comes to developing artificial intelligence (AI). The company has added $3 trillion to its market capitalization over the last couple of years on the back of surging demand for those chips.
SoundHound (SOUN 4.33%) has been a hot stock over the past year, but hasn't been able to reach profitability. Is the lead in voice AI enough to be a 10x stock or are shares overhyped?
Courtesy of the artificial intelligence (AI) boom, SoundHound AI, Inc. SOUN stock has soared over 380% in the past year. However, its upward journey abruptly stopped, leaving investors concerned about SoundHound AI's prospects.
SoundHound AI (NASDAQ: SOUN) suffered a massive blow on February 14, 2025, plunging 28.1% to close at $10.97 after Nvidia (NASDAQ: NVDA) disclosed it had fully exited its stake in the voice AI company.
SoundHound AI (SOUN -28.10%) has become one of the hottest stocks on Wall Street, rising around 170% since the start of November 2024. However, it's well off the peaks of its huge run, as it was up nearly 400% at the end of December.
SoundHound AI (NASDAQ: SOUN) has been one of the big winners in the AI boom so far.
SoundHound AI (SOUN -29.87%) stock is crashing Friday. The company's share price was down by 26.7% as of 11:45 a.m.
Shares of AI-driven voice recognition expert SoundHound AI (NASDAQ:SOUN) were crushed after Nvidia (NASDAQ:NVDA) revealed it had completely dumped its stock.
SoundHound AI Inc (NASDAQ:SOUN) stock is plummeting today, after a regulatory filing showed Nvidia (NVDA) dissolved its stake in the artificial intelligence (AI) voice command platform.
SoundHound AI (NASDAQ: SOUN) is set to report its 2024 fourth quarter and full-year financial results on February 27, 2025.
[00:00:04] Doug McIntyre: Lee, there is no one better at picking what I would describe as small AI stocks than you are.