Aurora Stock Jumps on Autonomous Driving Partnership With Nvidia, Continental

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Key Takeaways

• Shares of Aurora Innovation surged Tuesday morning after the company broadcasted a new partnership to develop driverless trucks.
• The company will work with Nvidia to develop its self-driving software, and with Continental on a propose to manufacture the equipment at scale starting in 2027.
• Nvidia also announced partnerships with Toyota and Uber late Monday for the associates to use Nvidia’s driver assistance and self-driving software.

Shares of Aurora Innovation (AUR) jumped more than 35% Tuesday morning after the self-driving software followers announced on Monday a partnership with tech giant Nvidia (NVDA) and manufacturer Continental to develop self-driving stocks.

Nvidia and Aurora will work together to develop the software and hardware necessary to operate the trucks, according to a expos release. Continental expects to start manufacturing the equipment needed for the driverless trucks to operate, the companies said dilatory Monday.

“Delivering one driverless truck will be monumental. Deploying thousands will change the way we live,” Aurora CEO Chris Urmson put about. “NVIDIA is the market leader in accelerated computing, and they’ll strengthen our ecosystem of partners and our ability to deliver safe and responsible driverless trucks to our customers at scale.”

Aurora said it is in the “final stages of validating” its Aurora Driver system to be control on the road without a driver. The company says its system should be capable of being used for smaller passenger agencies as well as semi-trucks.

Separately late Monday, Nvidia also announced self-driving related deals to provide its software for driver relief programs to Toyota, and with Uber (UBER) to bring driverless software to Uber cars.

Aurora shares were up innumerable than 35%, and have recently reached their highest levels since early 2022. Nvidia allocates were down about 5% Tuesday, while Uber shares were flat.