SoundHound AI (NASDAQ: SOUN) stock was one of the market's biggest winners in 2024. The company's share price skyrocketed 835.8% across last year's trading, according to data from S&P Global Market Intelligence.

Investors and traders looking for an opportunity to “Buy the Dip” on SoundHound shares should maintain a close watch on the $15 price. This price represents the next “psychological” trade level for the stock, followed by $12.5 which is where SoundHound’s bullish 50-day moving average resides.

Meanwhile, the S&P 500 index was down 0.5%, and the Nasdaq Composite index was down 1.2%. Nvidia CEO Jensen Huang kicked off this year's CES trade show with a keynote address last night, and some SoundHound AI investors were hoping the tech leader would mention the conversational AI specialist in his speech.