SoundHound AI Is Sinking Today -- Is It Time to Buy the Stock?

Core Viewpoint - SoundHound AI is experiencing significant stock sell-offs due to macroeconomic concerns and upcoming earnings reports from key industry players like Nvidia [2][3][4] Group 1: Stock Performance - SoundHound AI's stock price decreased by 6.4% as of 1:50 p.m. ET, with a peak decline of 10% earlier in the day [1] - The stock is down 55% year to date, despite being up 127% over the last year [3][4] Group 2: Market Conditions - The decline in SoundHound AI's stock is attributed to broader valuation pullbacks in growth-dependent AI stocks, influenced by new tariffs and semiconductor export restrictions to China [2] - Investors are adjusting to emerging macroeconomic risks, including concerns about inflation [2] Group 3: Future Outlook - Nvidia's upcoming Q4 report is anticipated to provide insights into the AI market's growth outlook, which could significantly impact SoundHound's stock price [3][4] - SoundHound AI is currently valued at approximately 21 times this year's expected sales, indicating a heavily forward-looking valuation [4] - Despite recent volatility, the company's sales growth and forward forecasts support a potential bullish case at current levels [5]