SoundHound AI remains volatile today as the meme stock can’t decide if it wants to rally or fall. This saw the stock soar higher in early morning trading on Thursday before giving up all of those gains, and then some, in the hours following. As of this writing, the stock has mostly settled, with SOUN shares up 0.29%. Typically this type of movement comes with heavy trading but only roughly half of the stock’s daily average has traded today.
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Investors will also note that SOUN stock is down 30.8% year-to-date. Meme traders aren’t happy about that as they had hoped the stock would continue its miraculous run from 2024, which sent shares 835.8% higher. Instead, consistent days of drops in 2025 are eating away at its 2025 gains. As a result, the shares are up 667.04% over the last year.
What’s Weighing Down SOUN Stock in 2025?
There are a variety of factors worth considering when seeking the reason for SoundHound AI’s poor performance this year. That includes Nvidia (NVDA) failing to mention the company during its Consumer Electronics Show (CES) 2025 presentation.
SOUN shareholders hoped the artificial intelligence (AI) company would get a nod from CEO Jensen Huang. Instead, the Nvidia CEO mentioned several potential rivals for SoundHound AI. This has traders worried about increasing competition in 2025 as more companies expand into the AI sector.
Is SOUN Stock a Buy, Sell, or Hold?
Turning to Wall Street, the analysts’ consensus for SoundHound AI is Moderate Buy based on two Buy and two Hold ratings over the last three months. With that comes an average price target of $15.25, a high of $26, and a low of $6. This represents a potential 7.93% upside for SOUN shares.
