Reported 2 days ago
Nvidia has recently sold its shares in SoundHound AI, a leading provider of conversational AI software that had a remarkable stock growth of 835% in 2024. After Nvidia's latest disclosure revealed the absence of SoundHound in its portfolio, the latter's stock plummeted by 28% in a day. SoundHound is set for significant revenue growth in 2025, driven by its expansion into new markets and an impressive order backlog, raising questions for investors about the potential impacts of Nvidia's divestment.
Source: YAHOO