Stock Track | SoundHound AI Inc. Plummets 5.09% on Monday, Concerns Over Lofty Valuation
SoundHound AI Inc. stock plummeted 5.09% in Monday's intraday trading session, closing at $20.62 per share. The artificial intelligence company's stock experienced a significant decline despite a strong performance in 2024, raising concerns about its lofty valuation.According to analysts, SoundHound AI's impressive growth prospects and widespread adoption across various industries, including automotive, restaurant, and banking sectors, fueled the stock's remarkable 836% surge in 2024. However,