Why SoundHound AI Is Falling Again Today -- Is the Stock a Buy Right Now?

Core Viewpoint - SoundHound AI is experiencing significant stock valuation declines due to a delay in filing its annual 10-K report, raising investor concerns about potential restatements of financial results and broader macroeconomic risks [2][3][4]. Group 1: Stock Performance - SoundHound AI's stock price fell by 5.7% as of 2 p.m. ET, with a peak decline of 13.7% earlier in the trading session [1]. - The stock has seen a total decline of 51% in 2025's trading [3]. Group 2: Filing Delay and Investor Concerns - The delay in the 10-K filing is attributed to complexities from the company's acquisitions of Synq3 and Amelia last year [2][3]. - Investors are worried that the delay may lead to restatements of previously reported results, potentially indicating wider-than-expected losses [3]. Group 3: Market Context - Broader macroeconomic and geopolitical risks are contributing to valuation pressures on growth stocks, with the Nasdaq Composite index down more than 5% this year [4]. - The delayed filing has introduced an additional bearish catalyst for SoundHound AI's stock, which is highly dependent on growth [4]. Group 4: Future Outlook - The company anticipates submitting the annual report by March 18, suggesting that the issues may be relatively minor [5]. - Following a strong quarterly report, risk-tolerant investors may view the current pullback as a potential buying opportunity [5].