Soundhound Down
Image Source: Pexels
Remember Soundhound (SOUN)? It was a junk company until the AI fever grabbed it, and it exploded in value for no rational reason. Things went into overdrive when Nvidia (NVDA), everyone’s darling stock, took a stake.
Well, it’s down 60% in less than a month. This is the kind of result people get when they chase fantasies. The true value of this company is probably closer to $0.
More By This Author:
I tilt to the bearish side. Slope of Hope is not, and has never been, a provider of investment advice. So I take absolutely no responsibility for the losses – – or any credit ...
more
How did you like this article? Let us know so we can better customize your reading experience.
Extremely volatile stock with significant potential given their partners; not just Nvidia. We got in under 2; out of some above the 5's; and anticipate it once again washes out and repeats the roller-coaster to a higher level. We don't particularly trust management so might agree on some points; but you made none other than reflecting on price action. Buy low / sell high; not the other way around I'd say.