SoundHound AI Stock Plummets as Nvidia Walks Away

Core Points - SoundHound AI Inc's stock is experiencing a significant decline, dropping 23.1% to $11.72 after Nvidia dissolved its stake in the company [1] - There is a notable increase in options trading activity, with over 111,000 calls and 87,000 puts traded, indicating heightened market interest [1] - Bearish sentiment has been building, with short interest rising 27.3% in the last month, totaling 101.8 million shares sold short, which is 30.8% of the stock's float [2] - The current loss positions SoundHound AI for its largest single-session decline since June 2022, when it fell by 48.4% [3] - Despite a year-over-year gain of 193.9%, the stock is down 44.3% year-to-date and is trading at its lowest level since early December [3]