Nvidia sells Serve Robotics and SoundHound AI stocks, causing them to tumble.
From Nasdaq: 2025-02-15 05:00:00
Wall Street discovered Nvidia reshuffled its tech portfolio, selling Serve Robotics and SoundHound AI, causing both stocks to tumble. Nvidia’s exit raises valid concerns as a shareholder, but may be driven by profit-taking after recent gains rather than fundamental issues. Investors see potential in both companies tackling distinct AI opportunities. SoundHound AI, a voice AI pioneer, presents a massive commercial opportunity with impressive financial metrics and early partnerships across industries. Serve Robotics, focused on last-mile delivery, has shown technological progress and strategic partnerships in the booming robotics market, with potential for significant revenue growth. Despite risks, the pullback offers an attractive entry point for investment.
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