SoundHound AI, a company that makes cool AI technology, saw its stock price go way up last year, then way down! It's like a rollercoaster! This happened for a couple of reasons. The Federal Reserve (they control money stuff) made some changes that scared investors.
- Nvidia, a big tech company, first invested in SoundHound, making people think it was a good investment.
- Then, Nvidia sold all its SoundHound shares, which made investors worried.
- Even though Nvidia sold its shares, SoundHound is still doing well, with sales growing super fast!
| Fact | Number |
|---|---|
| SoundHound's stock price increase in 2024 | 883% |
| SoundHound's stock price drop from peak | ~55% |
| SoundHound's Q3 2024 revenue increase | 89% |
It's important to remember that investing in stocks is risky, so it's best to talk to grown-ups before making any decisions.
