These 10 Firms Were Last Week’s Biggest Losers

3. SoundHound AI (NASDAQ:SOUN)

SoundHound AI (SOUN) saw its share prices last week tumble by 28.66 percent to finish at $14.09 apiece versus the $19.75 registered in the week prior, with analysts pointing to hotter-than-expected labor market data as having weighed on investor sentiment.

Economists earlier expected that the Job Openings and Labour Turnover Survey (JOLTS) for November would decrease to 7.7 million from the 7.8 million reported in October, yet November’s actual data settled at 8.1 million jobs.

The increase fueled worries about higher inflation coupled with higher Treasury yields.

In addition, President-elect Donald Trump’s earlier statement that he would fast-track his tariff strategy by declaring a potential national emergency added fuel to the fire.

As SoundHound (SOUN) is a growth stock, it is more sensitive to macroeconomic shifts that could lead to a decline in share prices.