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SOUN
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186 days

SoundHound’s stock sinks as Nvidia sells off stake. What comes next? - MarketWatch

1. Nvidia's latest 13-F filing shows no position in SoundHound. 2. Following the filing, SOUN shares dropped 23% on Friday. 3. SOUN surged 570% in the previous year due to AI potential. 4. Analysts still see long-term growth potential for SoundHound. 5. SOUN's 2024 revenue projected at $84 million against a $5.6 billion valuation.

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FAQ

Why Bearish?

Nvidia's divestment could signal reduced investor confidence in SOUN's future.

How important is it?

Nvidia's investments can sway perceptions of AI firms significantly.

Why Short Term?

Immediate reaction to Nvidia's filing may influence market sentiment temporarily.

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