15 Stocks That Took a Nosedive in January

2. SoundHound AI, Inc. (NASDAQ:SOUN)

30-day Decline as of February 3, 2025: 35.5%

SoundHound AI, Inc. (NASDAQ:SOUN), an emerging AI company, went from $20.62 on January 3 to $13.34 on February 3, marking a 35.5% decline over 30 days. During this period, the company registered the largest decline from $19.89 on January 6 to $12.82 on January 13.

SoundHound AI, Inc. (NASDAQ:SOUN), a conversational intelligence company, has grown by 788% in the past year. However, SOUN was unable to maintain the upward trajectory in January, following the CES trade show. Despite having displayed groundbreaking technologies such as its in-vehicle voice assistant, the stock declined because of elevated investor expectations.

In addition to that, despite NVIDIA having an investment in SOUN, the CEO left the event without mentioning the stock. While the stock has been performing poorly since the CES trade show, the stock declined even further following the launch of the Chinese startup, DeepSeek.

Despite the rough start to the year, SoundHound AI, Inc. (NASDAQ:SOUN) maintains solid goals for the rest of the year, with its projections expected to double by the end of the year. In addition to that, the company is also expanding its footprint by securing deals with major companies across the globe like LCID.