Aurora Innovation (AUR) Stock Soars 40% Following Partnership with Nvidia (NVDA)

Jan 07, 2025

Aurora Innovation (AUR, Financial), a leading autonomous driving technology firm, witnessed a remarkable 40% surge in its stock price. The boost followed the announcement of its strategic collaboration with Nvidia (NVDA) and Continental Group.

The partnership aims to leverage Nvidia's advanced technology to mass-produce the next-generation Drive Thor System-on-Chip for driverless trucks. These chips will be integrated into Aurora's software, while Continental Group will contribute by developing an SAE Level 4 autonomous driving system. The production of this cutting-edge system is slated to begin in 2027.

This collaboration marks a significant step forward in the autonomous vehicle industry, underscoring the potential for enhanced innovation and efficiency in the future of transportation.

Disclosures

I/We may personally own shares in some of the companies mentioned above. However, those positions are not material to either the company or to my/our portfolios.

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