SoundHound AI's (NASDAQ: SOUN) stock soared more than 940% over the past 12 months. The developer of speech and audio recognition tools dazzled investors with its accelerating growth and support from Nvidia,

The company's share price was down 12.3% as of 11:30 a.m. ET. Meanwhile, the S&P 500 index was up 0.6%, and the Nasdaq Composite index was up 0.7%. Despite being down big as of this writing, SoundHound AI stock actually started the day with big gains.

It's looking increasingly likely that the artificial intelligence (AI) boom could extend into 2025 as new applications and advancements come to light. And while I view the Magnificent Seven companies as primed to continue winning for investors,

It should go without saying that SoundHound AI is not a stock for every investor. The company has yet to turn a profit and does not generate positive free cash flow. That puts the stock out of bounds for value investors or those seeking passive income from their investments.