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Wajeeh Khan

Should You Buy the SoundHound Stock Dip as CFO Exits?

SOUN SoundHound Gil Luria SoundHound AI

SoundHound AI (SOUN) stock is inching lower on Thursday after Nitesh Sharan, the company’s chief of finance, announced his plans to step down on April 3. In its press release, the company confirmed that co-founder James Hom will take over as interim CFO as Sharan exits to join a quantum computing firm in a similar capacity.

Versus its year-to-date high, SoundHound stock is now down roughly 40%, but a D.A. Davidson analyst believes it will recover sharply as the year unfolds.

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