Cyngn (CYN) Stock Soars Over 160% on Nvidia Partnership Announcement
Shares of Cyngn Inc. (NASDAQ: CYN) skyrocketed on Thursday after the autonomous vehicle technology company revealed a strategic collaboration with Nvidia (NASDAQ: NVDA). The announcement highlighted Cyngn’s integration of Nvidia’s Isaac robotics platform into its self-driving solutions for industrial vehicles.
Nvidia selected Cyngn from among several firms using the Isaac platform, signaling strong confidence in the company’s capabilities. Cyngn CEO Lior Tal commented on the partnership, saying it “helps reinforce our mission to build cutting-edge autonomous vehicles that deliver real-world ROI to industrial operators.”
CYN Stock Spikes on Unprecedented Volume
Cyngn stock surged 166.67% in pre-market trading on Thursday, following a 20.72% gain the previous day. Trading volume exploded, with over 31 million shares changing hands—far exceeding the company’s three-month daily average of just 30,000 shares.
Wall Street Sentiment: Can the Rally Be Sustained?
Despite the surge, Cyngn lacks significant analyst coverage. TipRanks’ AI-powered analyst Spark has rated the stock Neutral, with a $4 price target—suggesting a possible 20.16% downside. The rating is based on concerns around Cyngn’s financial health, ongoing losses, and bearish technical signals.
However, the high-profile Nvidia collaboration could shift investor sentiment and analyst outlook in the near future.
