SoundHound AI Stock (SOUN) Faces Valuation Concerns Despite Long-Term Potential
SoundHound AI shares have plummeted 40% over the past month, with a 17% drop in the last five trading sessions. The voice recognition technology firm beat Q3 earnings expectations, but investors remain skeptical about its premium valuation and growth sustainability in the volatile AI sector.
Wall Street maintains a Moderate Buy rating, projecting nearly 40% upside potential. The divergence between fundamental performance and market sentiment highlights the current risk-off approach toward growth stocks, particularly in emerging tech sectors.