Cyngn Stock Surges 165% on Nvidia Autonomous Vehicle Partnership
Cyngn Inc. shares skyrocketed 166% in premarket trading following its collaboration announcement with Nvidia to integrate Isaac robotics platform into industrial autonomous vehicles. The autonomous vehicle solutions provider saw trading volume explode to 31 million shares, dwarfing its 30,000-share daily average.
CEO Lior Tal positioned the partnership as validation of Cyngn's mission to deliver ROI-driven industrial autonomy. While Wall Street lacks formal analyst coverage, TipRanks' AI analyst Spark maintains a neutral rating with $4 price target, flagging financial and technical hurdles despite the Nvidia catalyst.