Should You Buy SoundHound AI Stock Before May 8? This Recent Move by Nvidia Might Hold the Answer

Nvidia (NASDAQ: NVDA) has added an eye-popping $2.3 trillion to its market capitalization since the beginning of 2023, thanks to soaring demand for its data center chips that are the best in the industry for powering and training artificial intelligence (AI).Nvidia has put some of its incredible wealth to work by investing in a small portfolio of other AI stocks. SoundHound AI (NASDAQ: SOUN) was one of them, but the chip giant sold its entire stake during 2024's fourth quarter, according to its latest quarterly 13-F filing with the Securities and Exchange Commission. SoundHound is a conversational AI specialist, and it's experiencing strong demand for its software from some of the largest brands in the world. But its stock lost its momentum after investors learned of Nvidia's exit, and it's currently down 60% from its record high.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool