Soundhound AI's (NASDAQ: SOUN) shares skyrocketed as much as 883% last year. However, the artificial intelligence (AI) stock is now down roughly 55% from its peak in late December. You can blame part of this decline on the Federal Reserve.

SoundHound AI’s (SOUN) stock has plunged 48% year-to-date, after a stellar 2024, which was driven by high demand and Nvidia’s (NVDA) support.

SoundHound AI stock plummeted 23.1% to $11.72 after Nvidia (NVDA) sold its entire stake in the AI-powered voice technology company. Nvidia previously held 1.7 million shares worth over $8 million, but its sudden exit led to a market sell-off,

A 13F itemizes the individual stocks money managers bought and sold during the most recent quarter. Investors can use these filings as tools to uncover where the "smart money" is looking for opportunity.

Shares of AI-driven voice recognition expert SoundHound AI (NASDAQ:SOUN) were crushed after Nvidia (NASDAQ:NVDA) revealed it had completely dumped its stock. It was hardly the love note investors were expecting to receive on Valentine’s Day.