In February, however, Nvidia's latest filings showed that it no longer held a position in SoundHound. Many other investors have also been selling their stakes in the voice AI company. The stock now trades for less than $10 and since the start of the year, it lost more than half of its value.

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.