Cerence Inc., a leading artificial intelligence (AI) company, saw its stock price surge 5.08% in the pre-market trading session on Thursday, joining the broader rally in AI stocks.
The rise in Cerence's shares was part of a larger trend, with several AI-focused companies experiencing significant gains. Notable movers included BigBear.ai, which surged 15%, and Rezolve AI, which climbed 7%. Other AI players like SoundHound AI, Nvidia, Tempus AI, Palantir, and C3.ai also witnessed varying degrees of positive momentum.
While no specific news was directly tied to Cerence's stock movement, the broader optimism surrounding the AI sector seems to have fueled the rally. Investors appear to be betting on the increasing adoption and growth potential of AI technologies across various industries.
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