This fast-growing AI specialist fell sharply last week, but smart investors can treat the pullback as a buying opportunity.

SoundHound AI ( SOUN -0.92% ) stock was in the doghouse last week, witnessing a significant pullback as investors pressed the panic button in the wake of a research report released by the Massachusetts Institute of Technology (MIT) about the productivity gains delivered by artificial intelligence (AI).

Shares of the conversational AI solutions provider dropped by more than 17% during the week as MIT pointed out that the artificial intelligence investments of 95% of the businesses surveyed by it are not profitable yet. This sent investors into panic mode, leading to a sell-off in richly valued AI stocks such as SoundHound.

However, the stock's recent p

See Full Page