When SoundHound AI (NASDAQ: SOUN) first soared in popularity last year, it was because chipmaker Nvidia revealed that it owned more than 1.7 million shares of the up-and-coming tech company. Many investors followed suit,

It is worth noting that SoundHound sprung into the limelight in February 2024 after it emerged that Nvidia had a small stake in the company worth $3.7 million. Since then, shares of SoundHound have witnessed a roller-coaster ride on the market,

SoundHound AI’s (SOUN) stock has plunged 48% year-to-date, after a stellar 2024, which was driven by high demand and Nvidia’s (NVDA) support.