Down Nearly 60%, Should You Buy the Dip on SoundHound AI?
SoundHound AI (NASDAQ: SOUN), a developer of artificial intelligence (AI)-powered audio recognition tools, saw its stock close at a record high of $24.23 on Dec. 26, 2024. But since then, its stock has declined nearly 60%. Let’s see why this hot stock fizzled out — and if its pullback represents a buying opportunity for long-term…