$SoundHound AI Inc(SOUN)$ Sell-of was caused by the CEO of NVIDIA telling that Quantum computers might only be ready within 15-30 years from now. It's not true because some companies are already selling quantum computers. Anyway it caused a crash in quantum computer stocks. They were hyped. Because quite some investors in quantum computers also invested in AI, the AI-stocks, especially the ones in which NVIDIA had invested also went down a lot. Anyway one must admit that 15-16$ is the right price right now for Soundhound. It can still go 10-20% down because of the panic but my prognose of 60$ within 5 to 12 months stays. Below 15$ is a real bargain. If panic is over, it will go up again to I guess at least 16. Much will depend on what Powel will say. (It' a personal opinion)
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