Reported 27 days ago
SoundHound AI's stock took a hit after Nvidia sold its stake in the company and announced a collaboration with Yum! Brands for voice AI in restaurants. This places Nvidia in a position to compete directly with SoundHound, which is struggling with its growth prospects and financial losses. With Nvidia's resources and market reach, it could dominate the voice AI sector, raising concerns for SoundHound investors as the company's stock continues to decline.
Source: YAHOO