SoundHound AI Inc is trading 5.1% down today at $7.60 as stronger-than-expected U.S. jobs data triggered a rotation out of high-growth tech and AI names.
- The stock is moving lower alongside a broader sell-off in risk assets, with the Nasdaq Composite and other tech names under pressure.
- Traders are pricing in the possibility of higher-for-longer interest rates following the robust labor market report.