Three stocks suffer over 50% losses this year
Three stocks have dropped over 50% this year, raising concerns for investors. SoundHound AI is down 55% as Nvidia sold its stake, leading to uncertainty about its future growth amid increasing competition. Maravai LifeSciences has also fallen 55% due to declining sales after a pandemic boom. The company reported a significant operating loss and postponed its year-end earnings release, leaving its profitability uncertain. Victoria's Secret is the worst performer, down 59%. Disappointing earnings and a weak sales outlook suggest minimal growth ahead. The retailer faces challenges as consumers shift spending to other options, making its recovery uncertain.