After disclosing a strategic deal with Nvidia (NVDA, Financials) and Continental AG (CTTAF, Financials), Aurora Innovation (AUR, Financials) shares soared 36.5% to $8.87 in premarket trade on Tuesday. Coordinated initiatives seek to boost the adoption of driverless cars.
Aurora's SAE Level 4 Aurora Driver autonomous driving technology is matched by Nvidia's DRIVE Thor system-on-a-chip and DriveOS software. By April 2025, Continental will provide components and manufacturing knowledge for mass production in 2027 and autonomous trucking services in Texas.
For huge autonomous truck deployment, Aurora referred to the partnership as an industry first. Using established artificial intelligence, Aurora Driver guarantees safe highway operations by means of lidar, radar, cameras, and other advanced sensors. The safety case approach of Aurora guarantees public confidence and regulatory compliance.
Co-founder and CEO of Aurora Chris Urmson said that one autonomous vehicle would be historic. Thousands of deployments will impact our lives, according to the executive. As per Urmson, Nvidia's computing leadership has to quicken to enhance Aurora's partner ecosystem.
Tuesday's comeback for Aurora shares—which last traded above $10 in 2022—is based on the positive enthusiasm for autonomous vehicles, and its market size, alongside the wider enthusiasm for Nvidia.
