SoundHound AI (NASDAQ: SOUN) stock posted a month of explosive gains across December's trading. The conversational artificial intelligence (AI) company's share price closed out last month up 113.1%, according to data from S&P Global Market Intelligence.

The company's share price was down 14.4% at 11:15 a.m. ET amid a 0.1% decline for the S&P 500 index and a 0.3% pullback for the Nasdaq Composite index. The conversational artificial intelligence (AI) specialist's share price had been down as much as 17% earlier in the day's trading.

Investors and traders looking for an opportunity to “Buy the Dip” on SoundHound shares should maintain a close watch on the $15 price. This price represents the next “psychological” trade level for the stock, followed by $12.5 which is where SoundHound’s bullish 50-day moving average resides.

There may not be a hotter stock heading into 2025 than SoundHound AI ( SOUN 2.28%). SoundHound AI rose 836% in 2024, making it one of the best-performing stocks in the market. Just a few weeks ago, it was up over 1,000%, but a pullback to end the year took away some of those gains.

SoundHound AI has almost tripled investor wealth since its initial public offering in 2022. While SoundHound remains unprofitable, it has showcased promising growth prospects, expanding the top line by 89% year-over-year to $25.1 million in the third quarter of 2024.