SoundHound AI Stock Falls 7.5% Despite No Company News, Likely Dragged Down by Broader AI Sector
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SoundHound AI (SOUN) stock fell 7.5% today despite no company-specific news driving the decline
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SoundHound's stock price is influenced by other high-profile AI stocks like Nvidia and Super Micro Computer
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Super Micro's addition to the S&P 500 caused some investors to take profits, dragging down SoundHound
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Investors may have expected Nvidia or SoundHound to announce big news at Nvidia's GPU conference
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SoundHound stock remains risky despite strong expected sales growth, given its high valuation and lack of profits