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Wall Street spiraled into panic mode Monday when Chinese artificial intelligence (AI) company DeepSeek unboxed a chatbot that reportedly matches OpenAI's capabilities, while requiring significantly less computational power. The news triggered a massive sell-off in Nvidia shares, which plunged 17% and erased nearly $600 billion in market value -- the largest single-day loss for any public company in history.
I generally avoid phrases like "going to the moon" when I talk about stocks. Such terminology gives potential investors unrealistic expectations.
Artificial intelligence (AI) is already transforming industries and has the potential to influence everything from automotive transportation to pharmaceutical discovery. With AI's potential to impact nearly every sector, some of the latest estimates from PwC say AI could be worth $15.7 trillion by 2030.
SoundHound AI, Inc. (SOUN) concluded the recent trading session at $14.23, signifying a +1.14% move from its prior day's close.
Shares of SoundHound AI (SOUN -11.17%) tumbled Monday. The stock lost 11.2% as of 4:30 p.m.
Recently, Zacks.com users have been paying close attention to SoundHound AI (SOUN). This makes it worthwhile to examine what the stock has in store.
The stock market offers several opportunities to turn modest investments into fortunes, provided investors make strategic picks.
After a remarkable 2024 in which SoundHound AI (SOUN -3.42%) 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.
Investing in artificial intelligence (AI) stocks can sometimes put investors on some wild rides. A great example of that is the highly volatile SoundHound AI (SOUN -3.42%).
Shares of conversational artificial intelligence (AI) company SoundHound AI (SOUN 5.30%) had jumped by 18.7% this week as of early Friday, according to data from S&P Global Market Intelligence, as investors reacted to two pieces of news.