Is SoundHound AI Stock a Buy Now?
After a remarkable 2024 in which SoundHound AI (NASDAQ: SOUN) stock surged in price by a stunning 836%, the new year has got off to a disastrous start as the voice artificial intelligence (AI) solutions provider has already lost more than 17% of its value as of this writing and was down as much as 36% earlier in the month.
What's somewhat puzzling about the drop is that there has been no company-specific news that could have caused this sharp pullback in SoundHound stock. So, investors looking to add an AI stock to their portfolios may be wondering if it is a good idea to buy this sharp dip in SoundHound's shares, considering the impressive pace at which the company has been growing.
Let's find out if SoundHound stock is indeed worth buying following a terrible start to 2025.
Source Fool.com
