SoundHound AI (NASDAQ: SOUN) stock has been on fire over the past month, with astounding gains of 254%, and Nvidia has played a big role in this stunning surge. Investors rushed to buy SoundHound AI stock hand over fist after Nvidia disclosed a stake in the company.

However, SoundHound AI's eye-popping run came to a halt following the release of its fourth-quarter 2023 results, which were released on Feb. 29. Let's see why that was the case, and check if savvy investors should consider buying SoundHound AI stock following its latest pullback.

SoundHound AI, which provides voice artificial intelligence (AI) solutions, reported $17.1 million in revenue for the fourth quarter of 2023. That was an impressive jump of 80% as compared to the prior-year period, but fell slightly short of the $17.7 million consensus estimate. The top line was lower than the midpoint of SoundHound AI's guidance range of $16 million to $20 million for the quarter.

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Source Fool.com