SoundHound AI Stock Is Down 37% in 2026. Is This the Ultimate Buying Opportunity, or Is More Downside Ahead?
SoundHound stock used to be quite expensive, but it's starting to look attractive.
Overview
While many artificial intelligence (AI) stocks are outperforming the broader market right now, not every name in this space has been a winner. SoundHound AI (NASDAQ: SOUN) stock is down 37% this year, and it recenty was trading 68% below its 2024 record high.
SoundHound AI is a leading developer of conversational AI software, which is currently used by some of the world's biggest brands across industries such as automotive manufacturing, hospitality, healthcare, and more.
Details
Investors have trimmed their exposure to its stock because of its sky-high valuation, but it's starting to look attractive after its recent losses. Is it time to buy the dip?
Source
Originally published at www.fool.com.