Shares of the provider of conversational artificial intelligence (AI) voice solutions have retreated 62% as of this writing even though the company has been delivering outstanding growth in recent quarters. A big reason behind SoundHound AI’s sell-off this year has been the risk-averse nature of investors caused by the ongoing economic uncertainty. As a result, high-flying stocks such as SoundHound that delivered stunning gains in 2024 are taking a big hit, as investors looking to book profits and preserve capital.