US Stock Market Move | Announcement of the expansion of partnership with NVIDIA Corporation (NVDA.US) Cerence (CRNC.US) increases by over 35%

On Friday, the stock price of the automotive AI technology company Cerence (CRNC.US) surged, with the stock rising over 35% to $10.81 as of the time of writing. The company announced an expanded partnership with NVIDIA Corporation (NVDA.US) to enhance the capabilities of its CaLLM series language models. Cerence stated in a press release: The expanded partnership with NVIDIA Corporation provides Cerence AI with scalable and reliable tools and resources to collaborate with automotive manufacturers and develop the next generation of user experiences.