SoundHound AI shares fell today: What happened? – SoundHound AI (NASDAQ: SOUN)

SoundHound AI Inc. suen Shares were lower on Wednesday, likely due to continued momentum amid challenges facing the industry as a whole.

What to know: A broader tech selloff follows NVIDIA Corporationof NVDA CES 2025 got mixed reactions, with Treasury yields rising on Tuesday. NVIDIA has launched new AI technologies, including Cosmos base models, RTX 50 series chips, and desktop AI workstations. While these emphasize innovation, doubts about its immediate profitability could cause NVIDIA’s stock price to fluctuate, putting pressure on the technology sector, including smaller companies focused on artificial intelligence such as SoundHound.

Economic data may also be exacerbating the decline. Job openings exceeded expectations, pushing bond yields higher, with the 30-year bond yield hitting 4.90%. This environment increases borrowing costs for growth companies, further limiting investor confidence in artificial intelligence stocks like SoundHound.

At CES, SoundHound demonstrated its new in-vehicle voice commerce platform, allowing drivers to place hands-free orders through the car’s infotainment system. The system integrates with major restaurant brands and uses GPS for seamless pickup coordination. The company plans to expand these capabilities to banking, ticketing, and other transactions in future iterations. This innovation highlights SoundHound’s efforts to drive voice commerce adoption, but has yet to offset market pressure

SOUN Price Trend: SoundHound shares were down 16.7% at $14.98 as of this writing, according to Benzinga Pro.

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