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Verizon Hikes In-Office Requirement, Leases Larger NYC Office

Verizon Hikes In-Office Requirement, Leases Larger NYC Office

Telecommunications giant Verizon Communications is moving its headquarters to a larger office space in Manhattan as it ramps up in-office requirements for most of its management employees.
Verizon has leased 200,000 square feet in a recently renovated office tower near Manhattan's Penn Station, according to people familiar with the matter. Verizon plans to consolidate next year over 1,000 employees currently working in two other Manhattan locations.
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SoundHound AI: SOUN Stock To $2?
SoundHound AI: SOUN Stock To $2?

Forbes

timea minute ago

  • Forbes

SoundHound AI: SOUN Stock To $2?

SoundHound AI (NASDAQ: SOUN), a voice AI platform that helps businesses deliver conversational AI experiences, has certainly attracted investor interest with its AI-led growth narrative. However, the stock's history of sharp swings and recent market setup point to meaningful downside risk. The recent 10% drop on August 19, as investors took profits across growth names, underscores SOUN's sensitivity to shifts in market sentiment. Now, if you prefer upside potential with less volatility than owning a single stock, consider the High Quality Portfolio, which has comfortably outperformed its benchmark—a combination of the S&P 500, Russell, and S&P midcap index—and has delivered returns exceeding 91% since inception. Also see – GE Stock To $500? Extreme Historical Volatility SoundHound's history shows a pattern of severe drawdowns during periods of market stress. Prior episodes offer a sober reference point for investors: This volatility reflects SOUN's profile as a high-beta growth name. With a beta near 3, SoundHound tends to move more than three times the broader market in both directions. See – Buy or Fear SOUN Stock? Fundamental Concerns Mounting Several fundamental pressures could deepen the downside: Market Structure Risks Structural dynamics could accelerate downside moves: Recession Scenario Impact A broader downturn could pressure key customer segments: The Path to $2 A 90% slide from recent peaks of about $20 implies a price near $2 per share. While extreme, similar moves have occurred. A deep recession could spark widespread de-risking, hitting high-beta growth stocks hardest. Earnings disappointments—missing revenue targets or pushing out profitability—can quickly erode confidence and prompt institutional selling. Heightened competition from large tech companies could also threaten SoundHound's positioning and growth outlook. If sentiment shifts away from AI and growth toward defensive sectors, SOUN's high-volatility profile leaves it exposed. Finally, in a liquidity crunch, institutions often sell their most volatile holdings first—stocks like SOUN can bear the brunt. The Verdict SoundHound AI operates in an attractive market, but its shares carry exceptional downside risk. The mix of extreme volatility, unproven profitability, and sentiment sensitivity creates conditions for severe drawdowns. History shows SOUN can fall 90% during market stress—a pattern that could recur if economic or sector headwinds build. This analysis zeroes in on downside risk and complements our separate assessment of upside drivers. For investors, position sizing and risk controls are essential with such high-volatility profiles. We apply a risk framework when constructing the Trefis High Quality (HQ) Portfolio, which, with a collection of 30 stocks, has a track record of comfortably outperforming the S&P 500 over the last 4-year period. Why is that? As a group, HQ Portfolio stocks have delivered better returns with less risk versus the benchmark—less of a roller-coaster ride—as shown in HQ Portfolio performance metrics.

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