Yet SoundHound remains a small company pursuing a potentially massive niche, so if things go well, its stock could deliver extraordinary returns. With that in mind, should investors view this year's dip as a buying opportunity or a sign to stay far away from the stock?

Nvidia’s latest 13-F filing also indicated that it sold its stake in Serve Robotics, and shares of the self-driving-technology company were also sliding Friday.

A 13F itemizes the individual stocks money managers bought and sold during the most recent quarter. Investors can use these filings as tools to uncover where the "smart money" is looking for opportunity.

Soundhound AI's (NASDAQ: SOUN) shares skyrocketed as much as 883% last year. However, the artificial intelligence (AI) stock is now down roughly 55% from its peak in late December. You can blame part of this decline on the Federal Reserve.