CPI
A lot of people are overreacting to the recent pullback in small caps. In my opinion, the market already priced in fears around Core CPI over the past few days, which is why small-cap names got hit early. Today’s numbers came in pretty much around expectations, so it doesn’t look like there’s a major impact on the Nasdaq overall.
Also, if you look at this Friday’s options chain for SOUN, the $10 call strike has an absolutely massive amount of open interest — honestly one of the craziest setups I’ve seen. Combined with the recent GEX/VEX positioning, market makers could become extremely sensitive to upside price movement around that level.
That’s probably why we’re suddenly seeing so many negative posts and fear spreading across Reddit. Feels like short sellers are trying hard to shake sentiment and scare retail holders out of their positions.
But ask yourself this: did the company’s fundamentals suddenly change overnight? No. The company is still working hard, still expanding, still improving quarter after quarter, and still pushing forward in AI, automotive, voice commerce, and agentic AI. Nothing about the long-term vision suddenly disappeared because of a red day.
If anything, they continue to show progress and execution while the market focuses on short-term price action. Long-term holders should understand the difference between temporary volatility and actual fundamental deterioration.
At the end of the day, if you believed in the thesis before, this is just leaves shaking in the wind. Personally, I’m not getting shaken out by short-term noise.