SoundHound AI and Oracle hit 52-week lows after earnings miss

Written by Falling Shares Intelligence, our automated newsroom, from the public sources listed below and live market data. Every figure is checked against that material before publication, but the story has not been reviewed by a human editor. Check the linked sources before relying on it, and report errors to info@fallingshares.com.

SoundHound AI Inc. and Oracle Corp. stocks tumbled to fresh 52-week lows on Friday as investors reacted to reduced earnings outlook, a quarterly revenue miss and uncertainty surrounding the companies, according to a report on stocktwits.com.

Earnings miss drives sell-off

SoundHound AI and Oracle stocks plunged to 52-week lows last week, according to Yahoo Finance. The decline was attributed to a quarterly revenue miss and reduced earnings outlook, as reported by stocktwits.com.

The Democratic sweep of both chambers of Congress added to the uncertainty surrounding the tech sector. While the Dow, S&P 500, and Nasdaq futures rebounded after a sharp AI selloff, the specific fundamentals of SoundHound and Oracle weighed heavily on their shares. Nvidia, AMD, and other tech names were also in focus during this period of market adjustment.

Nvidia governance probe

Nvidia faced governance overhang following an admission by CEO Jensen Huang regarding an affair, which sparked a board probe. Analysts warned of leadership risks, although President Donald Trump publicly supported Huang, calling him a "fine" person. This governance issue, while specific to Nvidia, contributed to the broader sentiment of instability in the tech sector that affected peers like Oracle.