10 Firms Post Strong Gains Amid Wall Street Bloodbath

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1. Aurora Innovation Inc. (NASDAQ:AUR)

Aurora saw its share price spiked by 29.08 percent or $1.89 points to finish at $8.39 apiece after the company announced striking a long-term deal with Nvidia and Germany’s Continental to deploy driverless trucks.

During the Consumer Electronics Show in Las Vegas, Nvidia Chief Executive Officer Jensen Huang said that “Aurora is going to use Nvidia to build self-driving trucks” and predicted that autonomous vehicles will be “the first multi-trillion dollar robotics industry.”

The Aurora Driver, which the company says will use a SAE level four system, will be mass-produced in 2027.

Meanwhile, production samples are scheduled to arrive in the first half of 2025.

“Delivering one driverless truck will be monumental. Deploying thousands will change the way we live,” Aurora co-founder and CEO Chris Urmson said in a statement. He added that Nvidia’s chips will boost Aurora’s ability to deliver “safe and reliable” trucks at scale.

While we acknowledge the potential of AUR as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter timeframe. If you are looking for an AI stock that is more promising than AUR but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

READ NEXT: 8 Best Wide Moat Stocks to Buy Now and 30 Most Important AI Stocks According to BlackRock.

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