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SoundHound AI Stock Has Plummeted by 53%. This Move by Nvidia Is a Key Reason Why.
The Motley Fool· 2025-07-04 16:57
SoundHound AI (SOUN -1.11%) is a specialist in conversational artificial intelligence (AI) software, which understands voice prompts and responds in kind. Its customers include some of the world's biggest brands, and it even attracted an investment from Nvidia (NVDA 1.28%).Nvidia supplies the world's most powerful data center chips for AI development, and booming sales have driven its market capitalization from $360 billion to $3.83 trillion over the last two and a half years alone. Therefore, it's no surpr ...
Did Nvidia Make a Colossal Mistake by Selling SoundHound AI Stock?
The Motley Fool· 2025-05-16 16:28
Nvidia (NVDA -0.52%) added an eye-popping $2.8 trillion to its market capitalization since the start of 2023, thanks to soaring demand for its data center chips that are the best in the world for developing artificial intelligence (AI). The company also invested in a portfolio of other AI stocks, and SoundHound AI (SOUN -6.55%) was one of them.SoundHound is a specialist in conversational AI, and it has an impressive list of customers that includes some of the biggest brands in the world from industries like ...
Optima Health to acquire Care first
Globenewswire· 2025-05-06 19:00
Optima Health to acquire Care first, a leading provider of mental health services, for a net consideration of £15,000, adding c.£3.7 million revenue to the GroupAcquisition provides Optima with increased scale in its Mental Health division and will complement its existing Employee Assistance Programme (“EAP”) service offering, bringing over 1,000 new customers, and c.40 employeesAligns with strategy of consolidating margin accretive businesses in areas with significant existing expertise, creating additiona ...