SoundHound AI (SOUN -28.10%) stock is crashing Friday. The company’s share price was down by 26.7% as of 11:45 a.m. ET, and had been down as much as 31.8% earlier in the trading session.
The plunge was apparently driven by the news — disclosed Friday morning in a Securities and Exchange Commission filing — that Nvidia had sold its stake in the company in the fourth quarter of 2024. With the artificial intelligence (AI) hardware leader pulling its backing,…
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