· 1d · on MSN
Nvidia Dumps SoundHound AI Stock: Should You Do the Same?
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Can SoundHound AI (SOUN) Stock Bounce Back After a 48% YTD Plunge?
Nvidia’s investment in SoundHound wasn’t all that significant after all
SoundHound AI Inc (NASDAQ: SOUN) earnings this morning reminded investors that it’s more than just an AI firm that once received a vote of confidence from Nvidia Corp (NASDAQ: NVDA). On Friday, the company based out of Santa Clara,
SoundHound now expects 2025 revenue to be between $157 to $177 million, compared to previous guidance of $155 million to $175 million.
Finding a low cost AI stock runs a risk akin to the dot com boom and bust, so a deeper look at SoundHound AI and BigBear.ai shows AI company differences.
8d
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.
Nvidia stock rises after its largest post-earnings daily percentage since November 2018, Dell falls after issuing mixed guidance, and HP Inc. is laying off 2,000 more employees under a cost-cutting plan.
SoundHound AI (SOUN), a voice AI software company, will release its Q4 results on February 27. SOUN stock has risen over 54% in
The market took this as a sign that Nvidia was optimistic about SoundHound, and might have been eying a future collaboration or an acquisition. The companies worked together on SoundHound ChatAI, an in-car voice assistant designed to offer generative AI capabilities without an internet connection.
In my opinion, Nvidia's decision to exit its stake in SoundHound AI sits somewhere between these two ideas. The chart below illustrates the share price activity around SoundHound AI during the ...
SoundHound AI (SOUN) was a market darling in 2024 with shares soaring 835%. The original push higher was the revelation that AI chipmaker Nvidia (NVDA) owned a stake in the company, indicating SoundHound’s voice recognition technology could rocket the company to the forefront of the industry.
SoundHound AI shares are moving higher on Friday after the company reported better-than-expected fourth-quarter earnings and raised its fiscal-year 2025 guidance on Thursday after the market closed.
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