SoundHound Stock Plummets
- Alexangel Ventura
- Feb 14
- 1 min read
SoundHound, one of the most prominent emerging AI innovators, plummeted by a significant margin today.
The AI company fell by a whopping 30.4% following news that Nvidia will be departing its investments into the company.
Nvidia has been one of, if not the, largest funders of the company. Since it is relatively small compared to its competitors, Nvidia basically fueled its rise to prominence over the past year, leading its stock to new highs through exponential growth.
The company has promised to deliver artificial intelligence in a variety of circumstances, like its voice AI platform.
Nvidia has also abandoned its stake into Serve Robotics, while reducing its stake in Arm Holdings. Meanwhile, it reallocated its capital to WeRide and Nebius Group, two companies that are promising similar AI innovations as SoundHound.
