10 Tech, Energy Stocks Are Wednesday’s Worst Performers

3. SoundHound AI Inc. (SOUN)

SoundHound AI (SOUN) saw its share prices down by 16.44 percent on Wednesday—a third day—to end at $15.02 each.

According to analysts, investors may have expected SoundHound (SOUN) to announce more at this year’s CES trade show. The company at the CES show unveiled its latest technology, which allows people to conversationally order take-out food from participating restaurants directly through their car and pay for it.

According to analysts, traders continued to be triggered by the stock moving back below $20, which can be considered a psychological lower-end price level. Since the start of the year, SoundHound’s (SOUN) shares have been moving on a downward trajectory.

SoundHound AI (SOUN) specializes in voice AI technology, enabling natural language understanding and voice recognition for a wide range of applications. Its solutions power voice assistants, smart devices, and enterprise platforms, allowing businesses to integrate conversational AI for customer interactions.