Stocks that are part of the artificial intelligence (AI) space, led by Nvidia (NVDA), have been on an absolute tear in the last 15 months. While Nvidia continues to stun analysts and investors due to its stellar growth and widening profit margins, there are several other stocks driven by AI optimism that trade at lofty valuations. One such tech stock is SoundHound AI (SOUN), which is up 68% in the last year – and more than 136% in 2024 alone. Let’s see why at least one Wall Street analyst thinks SoundHound AI stock is overvalued right now. An Overview of Soundhound AIValued at $1.64 billion by…