Soundhound’s share price has plunged by around 30% today as Nvidia announced that it has completely trimmed its holding in the company. This sudden move has sent negative signals to investors, resulting in heavy selling pressure which persisted through the day.
The stock is unlikely to become profitable anytime soon. Operating losses sat a figure of £33.7 million last year, much higher than the £25.1 million in revenue. However, revenue is expected to reach £150 million in 2025. The company is sitting on a large cash pile of £136 million, although this was largely a result share dilution.
I believe in the future of the company and the earnings report on Feburary 27th will be an important date for investors.
drewtalksmoney 
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