SoundHound AI (SOUN) Falls to $5.70, Nearly 75% Below Its 2026 Peak
As seen on the 24/7 Wall St. homepage on July 29, 2026.
SoundHound AI just hit $5.70, nearly 75% below its $21.40 peak from earlier this year as the voice AI darling faces a brutal year-to-date collapse.
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SoundHound AI touched $5.70 on July 29, 2026, a level that puts the stock nearly 75% below its $21.40 peak from earlier this year. The decline has been relentless: the chart shows SOUN crested in late March 2026 and has largely moved in one direction since, with brief recoveries that each eventually gave way to fresh selling.
The new low undercuts the prior extreme set on March 27, 2026, by about 3.4%, signaling that each attempt to find a floor has so far come up short. For investors who bought near the peak, the damage is severe — a position at $21.40 is now worth less than 27 cents on the dollar at $5.70.
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Traders will be watching whether $5.70 holds as a support level or whether the selling pressure that has defined this year continues to push shares lower. Any fundamental catalyst — a revenue update, a partnership announcement, or a broader sentiment shift in the voice AI space — could be what it takes to interrupt the downtrend.