Cerence Inc. (CRNC): Among The Companies That Partnered With NVIDIA This Month

We recently compiled a list of the 8 Companies That Partnered With Nvidia (NVDA) This Month. In this article, we are going to take a look at where Cerence Inc. (NASDAQ:CRNC) stands against the other stocks that partnered with NVIDIA this month.

Nvidia continues to be the biggest beneficiary of the rampant spending on AI infrastructure. The company’s Blackwell GPUs continue to be the most talked about technology in tech circles and that has catapulted the stock close to its all-time highs.

For many, the stock continues to be an expensive bet and at current levels, it is hard to pull the trigger and invest in the company’s stock. If you’re in the same boat and find it hard to buy a stock at its all-time highs, you may want to consider investing in companies that work with Nvidia. Nvidia’s accelerated computing technologies are powering many companies’ products, especially those related to AI and autonomy.

A man with an AI powered virtual assistant, demonstrating the coexistence of the two.

Cerence Inc. (NASDAQ:CRNC)

Cerence Inc. helps improve the driving experience for drivers through its AI voice technology. Its CaLLM Edge technology helps improve the driving experience by working well in noisy environments. It can do this because its software runs on local processors rather than relying on a cloud connection.

The company plans to add Agentic AI-like features to its offerings, which is why it is teaming up with Nvidia. Just like Aurora Innovation, Cerence will benefit from Nvidia’s accelerated computing expertise to offer generative AI features to drivers.

Cerence already works with automakers like Jaguar Land Rover, BMW, Mercedes, Fiat, and others. Its technology integrates with the operating systems of many automakers and the Nvidia partnership will only strengthen those relationships as well as add more.

The stock seems to be calming down after more than doubling in a single day. It bottomed out a couple of months ago and it seems it has now finally joined the AI party with Nvidia.

Overall CRNC ranks 5th on our list of the companies that partnered with NVIDIA this month. While we acknowledge the potential of CRNC as an investment, our conviction lies in the belief that some 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 as promising as CRNC but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

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Disclosure: None. This article was originally published at Insider Monkey.