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Benzinga

Business

Henry Khederian

SoundHound AI (SOUN) Stock Tumbles 40% In A Month Despite Earnings Beat, CEO Optimism

SOUN SoundHound AI SoundHound

SoundHound

SoundHound AI Inc (NASDAQ:SOUN) shares are trading lower Tuesday morning, extending a sharp sell-off that has wiped out over 41% of the stock's value in the past month.

Hawkish comments from Federal Reserve officials have slashed hopes for a December rate cut, reigniting a tech sector selloff that is punishing speculative AI assets regardless of operational performance. Here’s what investors need to know.

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