SoundHound AI, Inc. (SOUN) has been a hot topic on Reddit forums, with investors debating whether to hold or sell their shares amidst recent market fluctuations. Despite the lack of specific news driving today's stock movement, discussions are rife with speculation about the company's future prospects. Many users are optimistic, with one stating, "SOUN is going to moon THIS year, in 2025," while another emphasized the importance of holding long-term, saying, "I am holding long. 17.5K shares strong."
The Reddit community is also buzzing with talk of a potential short squeeze, as one user noted, "The short squeeze didn't even happen yet. 26% shorted. It's going to happen one day though." This sentiment is echoed by others who are holding firm, anticipating a significant price increase once shorts cover their positions. Additionally, some investors are comparing SoundHound's potential to that of other successful tech companies, with one user expressing hope that "SOUN can be next Nvidia."
As of the latest update, SoundHound AI, Inc. (SOUN) is trading at $22.63, reflecting a slight decrease of 0.22% from the previous close.