Where Will SoundHound AI Stock Be in 3 Years?

Specific patterns often repeat in the stock market. For example, small, unprofitable companies that surge based on hype tend to give back their gains quickly. SoundHound AI (NASDAQ: SOUN) is a great example. Shares of the audio-focused AI start-up boomed after tech giant Nvidia revealed that it had taken a small position in it. But since then, they've fallen back down to earth. At the time of this writing, SoundHound shares are now down by a whopping 61% from the all-time high of $24.98 they reached late last year. Should investors see this dip as a buying opportunity or stay far away from the stock? And what might the next three years bring for the company?Nvidia's involvement with SoundHound started in 2017 when the chipmaker participated in a $75 million funding round alongside other tech companies like Samsung. In February 2024, an SEC filing revealed that Nvidia held around 1.73 million SoundHound shares, which is 0.5% of the total outstanding. Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool