In February, a 13F filing revealed that the legendary chipmaker Nvidia had purchased $3.7 million in SoundHound shares. While this represents a less than 1% equity stake in the company, it is a vote of confidence in SoundHound, its technology, and its leadership team.

Nvidia stock has slipped by about 7% over the past month. The stock still makes a solid long-term buy, but another tech sector player is cheaper and may have stronger momentum right now. That said, Nvidia's stock isn't cheap,

It’s Fed decision day—and it'll be difficult for the chip maker's shares to make gains until investors have more clarity about the central bank's next move.