SoundHound AI Is Plummeting Today -- Is It Time to Buy the Stock?

SoundHound AI (NASDAQ: SOUN) stock is crashing Friday. The company's share price was down by 26.7% as of 11:45 a.m. ET, and had been down as much as 31.8% earlier in the trading session.The plunge was apparently driven by the news -- disclosed Friday morning in a Securities and Exchange Commission filing -- that Nvidia had sold its stake in the company in the fourth quarter of 2024. With the artificial intelligence (AI) hardware leader pulling its backing, some investors are worried about the conversational AI specialist's outlook.While Nvidia's decision to sell its stake in SoundHound AI isn't a positive signal, the move should still be put in context. Previously, Nvidia only owned roughly 1.71 million shares of the company. As of market close on Dec. 31, that stock position would have been worth roughly $34 million. Meanwhile, Nvidia currently has a market capitalization of approximately $3.36 trillion as of this writing. Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool