Aurora Innovation's (NASDAQ: AUR) share price surged more than 50% following news it had partnered with NVIDIA (NASDAQ: NVDA).
While there are hurdles to overcome, the share price can easily rise another 100% or more this year because the stock is deeply undervalued. The deal with NVIDIA is part of NVIDIA’s push into a broader range of end markets centered on its AI technology. NVIDIA is out to disrupt the autonomous driving industry, and Aurora is a critical piece of the puzzle. NVIDIA provides the hardware and software to operate Aurora’s Driver platform, while Continental (OTCMKTS: CTTAF) will put the components into a marketable package. The target market is big trucks, which will undoubtedly include other vehicle types over time.
