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0.00170794192997434 0.00128095644748083 0.0026900085397096 0.00255337318531166 -0.000426985482493662 -0.00170794192997434 0.00603757472245947 0.0170879590093936
Stock impact report

Why SoundHound AI (SOUN) Stock Is Nosediving [Yahoo! Finance]

SoundHound AI, Inc. - Class A (SOUN) 
Company Research Source: Yahoo! Finance
sector weighed on the stock as tech giant Oracle raised investor concerns about an AI bubble. Oracle issued a weak revenue outlook and increased its spending forecast, which intensified scrutiny around the high costs associated with AI technology. This news sparked worries about whether the significant investments in AI across the industry would pay off, leading to a sell-off in related stocks. Compounding the negative sentiment for SoundHound AI, prominent market commentator Jim Cramer stated that the company did not make any money, adding to investor concerns about its financial footing amidst the sector-wide pressure. The stock market overreacts to news, and big price drops can present good opportunties to buy high-quality stocks. Is now the time to buy SoundHound AI? Access our full analysis report here SoundHound AI's shares are extremely volatile and have had 85 moves greater than 5% over the last year. In that context, today's move indicates the market considers this news Show less Read more
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