With SoundHound AI Stock Down 68%, Should You Buy the Dip?

SoundHound AI (NASDAQ: SOUN) has been clobbered on the stock market this year. Shares of the provider of conversational artificial intelligence (AI) voice solutions have retreated 62% as of this writing even though the company has been delivering outstanding growth in recent quarters.A big reason behind SoundHound AI's sell-off this year has been the risk-averse nature of investors caused by the ongoing economic uncertainty. The trade tariffs imposed by the White House sent stocks packing, leading to an increase in the probability of a recession. As a result, high-flying stocks such as SoundHound that delivered stunning gains in 2024 are taking a big hit, as investors looking to book profits and preserve capital.However, is this AI stock worth buying following its recent pullback, especially considering its remarkable growth and the huge end-market that it could benefit from? Let's find out.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool