Recently, Zacks.com users have been paying close attention to SoundHound AI (SOUN). This makes it worthwhile to examine what the stock has in store.
After a remarkable 2024 in which SoundHound AI (SOUN -3.42%) stock surged in price by a stunning 836%, the new year has got off to a disastrous start as the voice artificial intelligence (AI) solutions provider has already lost more than 17% of its value as of this writing and was down as much as 36% earlier in the month.
Investing in artificial intelligence (AI) stocks can sometimes put investors on some wild rides. A great example of that is the highly volatile SoundHound AI (SOUN -3.42%).
Shares of conversational artificial intelligence (AI) company SoundHound AI (SOUN 5.30%) had jumped by 18.7% this week as of early Friday, according to data from S&P Global Market Intelligence, as investors reacted to two pieces of news.
SoundHound AI, Inc. (SOUN) closed the most recent trading day at $16.38, moving -0.85% from the previous trading session.
SoundHound AI (SOUN 21.11%) is one of the more popular ways to invest in AI. Because it's a pure play on AI technology, it stands to benefit more from a general technological shift to AI than some of the more established big tech players.
When investors think about high-flying artificial intelligence (AI) stocks, Nvidia or Palantir Technologies probably come immediately to mind. While both of those AI stocks indeed delivered huge returns in 2024, they lagged well behind an even bigger winner.
SoundHound AI (SOUN 13.34%) stock is surging higher in Tuesday's trading thanks to a duo of catalysts. The conversational artificial intelligence (AI) specialist's share price was up 11.7% at 1:10 p.m.
The price action in SoundHound AI NASDAQ: SOUN is down 35% YTD in 2025 and may fall further, but this isn't a stock to sell too quickly. The price action is driven by uncertainty and high short interest that fails to account for its position in AI.
The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price.
[00:00:04] Douglas McIntyre: You love SoundHound.
Down 29.4% in the first two-and-a-half weeks of the New Year, SoundHound AI (Nasdaq: SOUN) stock is off to a rocky start in 2025.