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Where Will SoundHound AI Be in 1 Year?

TheMotleyFool

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Voice control expert SoundHound AI (NASDAQ: SOUN) has been a volatile investment recently.

The stock soared in February 2024 as Nvidia ( bought a few shares. It cooled down a bit when the artificial intelligence (AI) chip giant didn't follow up with a larger investment or a tight partnership. Then the meme stock community stepped in, driving SoundHound AI's share price skyward in an attempt to cause a lucrative short squeeze.

But short-sellers largely held on to their negative bets on the stock, and the broader market's volatility also weighed on these high-priced shares. Today, SoundHound AI is trading 62% below last December's record price.

Source Fool.com

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