Why SoundHound AI Stock Lost 29% in January
SoundHound AI (NASDAQ: SOUN) has been one of the most volatile stocks of the artificial intelligence (AI) era, and that pattern continued in January.
In a rough month for AI stocks, SoundHound, which provides AI voice technology for carmakers, restaurant chains, and others, finished on the losing side, but it wasn't Chinese AI start-up DeepSeek that spoiled the month.
The stock's slide came predominantly during the week of CES, which took place Jan. 7 through 11, as some of its competitors made some important strides, and investors seemed unimpressed with SoundHound's presentation.
Source Fool.com
