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Innovative small-cap tech stocks like Cerence Inc. NASDAQ: CRNC, Rigetti Computing NASDAQ: RGTI, and Airship AI NASDAQ: AISP are gaining traction. They are gaining traction with their businesses and stock prices, indicating potential for significant gains in 2025.
In this video, I will cover the recent updates regarding Cerence (CRNC 8.15%). Watch the short video to learn more, consider subscribing, and click the special offer link below.
In today's video, I discuss Nvidia (NVDA 4.45%) and Cerence (CRNC 143.76%) . To learn more, check out the short video, consider subscribing, and click the special offer link below.
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US equity benchmarks moved higher on Friday amid better manufacturing data from the country. At the time of writing, the S&P 500 index was 1% higher, while the Dow Jones Industrial Average gained 0.6%.
U.S. stocks traded higher midway through trading, with the Nasdaq Composite surging more than 1% on Friday.
Cerence AI, a rival of SoundHound, announced an automotive pact with Nvidia. Cerence stock popped, SoundHound stock also gained.
BURLINGTON, Mass., Jan. 03, 2025 (GLOBE NEWSWIRE) -- Cerence Inc. (NASDAQ: CRNC) (“Cerence AI”), a global industry leader in voice AI, today announced an expanded collaboration with NVIDIA to advance the capabilities of its CaLLM™ family of language models, including its cloud-based Cerence Automotive Large Language Model (CaLLM) and its CaLLM Edge embedded small language model.
BURLINGTON, Mass., Dec. 23, 2024 (GLOBE NEWSWIRE) -- Cerence Inc. (NASDAQ: CRNC) (“Cerence AI” or “the Company”), a global leader in AI for transportation, today announced that, in light of its current cash position and outlook for future cash generation, the Company entered into privately negotiated transactions with certain holders of its 3.00% Convertible Senior Notes Due 2025 (the “Notes”), pursuant to which the Company agreed to repurchase approximately $27 million aggregate principal amount of the Notes from such holders at a cash repurchase price equal to 98.5% of their principal amount, together with the accrued and unpaid interest to (but not including) the date of repurchase.
Cerence stock benefits from strong AI advancements and growing clientele despite automotive market challenges.