- Cerence Inc (NASDAQ:CRNC) forged a contract worth $149 million with a sizeable European automaker for its connected, conversational AI automotive assistant products.
- “This milestone deal marks another important moment for Cerence as we accelerate growth and sustain momentum with automotive customers,” said CEO Stefan Ortmanns.
- Cerence develops mobility-based solutions for drivers and their cars. It generates revenue by selling software licenses and cloud-connected services.
- Cerence’s customers include major automotive original equipment manufacturers or tier 1 suppliers.
- Price Action: CRNC shares traded higher by 7.10% at $77.37 on the last check Thursday.
‘Fast Money Halftime Report’ Picks For September 16
On CNBC's "Fast Money Halftime Report," Jon Najarian said he jumped back in Las Vegas Sands Corp. (NYSE: LVS). He noticed a big purchase of the March $40 calls in the name.
