--- title: "Cerence (NASDAQ:CRNC) Leaps Up a Whopping 150% on Landmark Nvidia Deal" type: "News" locale: "en" url: "https://longbridge.com/en/news/224178317.md" description: "Cerence (NASDAQ:CRNC) shares surged nearly 150% following an expanded collaboration with Nvidia to enhance its AI vehicle technology. The partnership aims to improve language model performance in in-car systems, delivering faster assistance and better user experience. Despite a challenging year, CRNC's stock has rallied over 600% since a positive earnings report. Analysts currently rate CRNC as a Hold, with an average price target of $7.75, indicating a potential decline from its recent price of $20.18." datetime: "2025-01-07T10:13:42.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/224178317.md) - [en](https://longbridge.com/en/news/224178317.md) - [zh-HK](https://longbridge.com/zh-HK/news/224178317.md) generator: "portal-rs" --- # Cerence (NASDAQ:CRNC) Leaps Up a Whopping 150% on Landmark Nvidia Deal Cerence (CRNC) has surged by almost 150% since announcing its expanded collaboration with Nvidia to help drive its artificial intelligence vehicle product. CRNC is an automotive AI voice technology innovator and will work with NVIDIA (NVDA) to improve language model performance in its in-car systems. ### Stay Ahead of the Market: - Discover outperforming stocks and invest smarter with Top Smart Score Stocks - Filter, analyze, and streamline your search for investment opportunities using Tipranks' Stock Screener Nvidia will help power the Cerence Automotive Large Language Model (CaLLM), an in-vehicle computing technology, which is designed to develop cars that respond to a driver’s voice command. CRNC said the expanded deal will help deliver faster in-vehicle assistance, improve user experience and strengthen security and privacy. The company will use the NVIDIA AI Enterprise software platform, including NVIDIA TensorRT-LLM and NVIDIA NeMo, the firms said in a January 3rd release. Nils Schanz, Executive Vice President, Product & Technology at Cerence AI, said that “these advanced capabilities will deliver faster, more reliable interaction to drivers, enhancing their safety, enjoyment and productivity on the road.” ## **CRNC Stock Is Bouncing Back after a Tough Year** The stock was down by around 85% last year until the Fiscal Q4 earnings report beat expectations. Wall Street analysts expected CRNC to post earnings of -$0.36 per share, whilst revenues were seen coming in at $47.71 million. In the end it came out with a quarterly loss of $0.07 per share on revenues of $54.81 million. For the Fiscal quarter ending December 31, 2024, revenue was expected to be in the range of $47 million to $50 million. GAAP net loss is expected to be in the range of (26) million to (23) million. Initial FY25 revenue guidance was $236 to $247 million. Since this earnings report, the stock has rallied over 600%. Recent management changes appear to be working, too. A month ago the company announced Tony Rodriquez as the new CFO, a move that came only two months after naming 36-year Intel veteran Brian Krzanich as the new CEO. ## **Is CRNC a Good Stock to Buy?** The analyst consensus is a Hold for CRNC, based on 6 Wall Street analysts offering 12-month price targets in the last 3 months. The average CRNC price target is $7.75, with a high forecast of $10.00 and a low forecast of $6.00. The average price target represents a -61.60% change from the last price of $20.18, after the stock rallied another 4.4% on January 6. **Read more CRNC analyst ratings** ### Related Stocks - [CRNC.US](https://longbridge.com/en/quote/CRNC.US.md) - [NVDA.US](https://longbridge.com/en/quote/NVDA.US.md) - [ING.US](https://longbridge.com/en/quote/ING.US.md) ## Related News & Research - [Gas supply cut from Indonesia accounts for less than 2% of Singaporeâs daily gas demand: EMA](https://longbridge.com/en/news/302973681.md) - [Fast food chain Long John Silver's shutters another Singapore outlet after at least 5 closures this year](https://longbridge.com/en/news/302978153.md) - [Dongshan Precision retail IPO undersubscribed as Hong Kong mega listing flops](https://longbridge.com/en/news/302974270.md) - [Crypto Strategist Who Nailed 2025 Bitcoin Top Warns BTC Could Drop Below $70,000 – Here’s His Price Target](https://longbridge.com/en/news/302980144.md) - [MSC Industrial Direct (MSM) Posts Strong Results, Is The Stock Still A Bargain?](https://longbridge.com/en/news/302977827.md) --- > **Disclaimer: This article is for reference only and does not constitute any investment advice.**