The stock market is having a fine year in 2023, reversing a brutal 2022. The S 500 index is up by 23% so far and the more volatile Nasdaq Composite has gained 52% as of this writing. Both market trackers are essentially back where they where at the end of 2021.

But some stocks didn't get the 2023 memo about a robust recovery. Restaurant management expert Toast (NYSE: TOST) has seen its stock price trading sideways this year, resulting in a 47% drop over the past two years. Artificial intelligence (AI) specialist SoundHound AI (NASDAQ: SOUN) has posted a 19% price increase year-to-date, but the stock still trades 72% lower from a two-year perspective.

Both stocks are relatively new additions to the public stock market with initial public offerings (IPOs) in the last two years. For the most part, investors worry that Toast and SoundHound might not amount to much in the long run.

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Source Fool.com