Why SoundHound AI Stock Plunged 25% Lower in March

Shares of SoundHound AI (NASDAQ: SOUN) fell 25% in March 2025, according to data from S&P Global Market Intelligence. The maker of artificial intelligence (AI) tools for computer interpretation of voice commands didn't have an earnings release last month. The company's only business-related press release featured another collaboration with AI giant Nvidia, which tends to drive SoundHound AI's stock higher. So why did the share price continue to fall after negative moves in January and February? It simply looks like the meme-stock moves of last December are fading out a bit slower than they arrived.SoundHound AI's shares started March's market action at $10.82 per share. That was down from $14.15 one month earlier, $19.84 at the end of 2024, and $23.23 per share at the mid-holiday peak.There was a lot of social media-powered hot air to release from SoundHound AI's inflated stock price, and it's taking a while. The stock doesn't even look cheap after three months of robust price drops, when you consider that it traded for $4.50 per share in early October. Some would even call that single-digit price a bit inflated, given SoundHound AI's volatile market action in the spring of 2024. As a reminder, Nvidia invested just $3.7 million in SoundHound AI stock and the share price more than quadrupled over the next month.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool