Jim Cramer Discussed These 18 Stocks After Major AI Event

16. Aurora Innovation, Inc. (NASDAQ:AUR)

Number of Hedge Fund Holders In Q3 2024: 22

Aurora Innovation, Inc. (NASDAQ:AUR) is a self-driving technology company. Its shares have been on a roller coaster in 2024. They gained 39% after it announced a deal with NVIDIA and a German firm for autonomous trucks. Since then, the stock is down by 22.8% to trim its year-to-date gains to 10%. Aurora Innovation, Inc. (NASDAQ:AUR) depends on economic activity to increase the uptake of its products. Investors are also likely wary of the fact that the firm is yet to generate revenue. Here’s what Cramer said:

“We have companies that were small that are suddenly large, and what happened? Well, they got a call from Jensen Huang and they became partners. Aurora Innovation, self-driving technology. AUR, here’s a stock that’s up 36%, the other day it was Cerence, Cerence is another company that’s run by Brian Krzanich, who used to run Intel and CDK which has got technology for autos. And they’re the one, you’d speak to, I think some people think it’s better than Siri in a car. Well you know open my car door, turn my heater on. So anybody, we saw Micron this is back to that touched by an angel, and the angel is the man in the sparkling leather jacket.”