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Pathikrit Bose

Nvidia Gave Up on SoundHound AI Stock. Should You Buy the Dip or Ditch SOUN Now?

SoundHound Nvidia SoundHound AI

Investors in innovative voice artificial intelligence (AI) company SoundHound AI (SOUN) have been well rewarded over the past year, with the stock outperforming the broader market with a rally of 172%. However, a recent catalyst just stopped SoundHound’s outperformance in its tracks. 

In a recent filing by chip giant Nvidia (NVDA) on Feb. 14, the company revealed that it has sold its entire stake in the company. Since then, shares of the company have been in a freefall, correcting 32% from its Feb. 13 closing price.

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