Cerence (CRNC) Stock Surges Over 35% on Expanded NVIDIA Partnership

Jan 03, 2025

Cerence (CRNC, Financial), a company specializing in automotive AI technology, saw its stock surge over 35%, reaching $10.81. This significant increase follows the announcement of an expanded partnership with NVIDIA (NVDA). The collaboration aims to enhance Cerence's CaLLM series of language models.

Cerence stated that the expanded partnership with NVIDIA provides scalable and reliable tools and resources. These will be used to collaborate with automotive manufacturers in developing the next generation of user experiences.

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