SoundHound saw accelerating growth in the latest quarter and touted new voice-based AI deals with fast-food restaurants.
One of the original catalysts for why SoundHound AI (SOUN -5.62%) went on a massive run was that it was revealed that Nvidia invested in it. This automatically gave SoundHound cre
SoundHound AI had a strong fourth quarter and raised guidance for 2025. Management tried to soothe investor fears after Nvidia unloaded its SoundHound stock. SoundHound shares trade at a premium valuation that already accounts for next year's revenue growth.
SoundHound AI's stock surged last year when investors learned Nvidia had a sizeable position in the company. Nvidia now exited its position in SoundHound, according to a recent filing. SoundHound's business has always been full of both potential and risk.
SoundHound AI's technology takes aim at some of the low-hanging fruit in the AI software market. The stock took a sharp plunge after an SEC filing this month revealed that Nvidia had sold its small stake in the company.
Nvidia has completely exited its position in voice-recognition software developer SoundHound AI. Following the end of each quarter, institutional investors managing over $100 million are required to file a form 13F with the Securities and Exchange Commission (SEC).
SoundHound ( SOUN -2.84%) was one of the hottest stocks on the market in late 2024, and a big reason was Nvidia 's ( NVDA -0.85%) stake in the company. But we learned recently that Nvidia had sold its stake in SoundHound and some other high-flying stocks,
With SoundHound shares down more than 40% from their all-time high, many investors may wonder whether this stock could be primed for another huge run. Some may even consider this stock a ticket to becoming a millionaire.
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24/7 Wall St. on MSNNvidia (NVDA) Is A Kingmaker, But They Wrecked Soundhound (SOUN) And Saved AnotherNvidia (NASDAQ: NVDA) sold its stake in SoundHound AI (NASDAQ: SOUN), leading to a sharp decline in the stock's price. The company also reduced its holdings in Arm Holdings (NASDAQ: ARM), which came as a surprise to some investors.
Shares of SoundHound AI (NASDAQ: SOUN) plunged following a revelation that Nvidia (NASDAQ: NVDA) exited its investment in the voice artificial intelligence (AI) company. The stock immediately rocketed higher on the news,
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