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Despite the company's advancements, such as its inclusion in the S&P Software & Services Select Industry Index and the launch of its innovative AI platform, Cerence xUI, these positive developments weren't enough to counter the negative market sentiment. The addition of Marion Harris to the board exemplifies strategic leadership growth. However, these strides were overshadowed by broader concerns impacting tech stocks, as evidenced by the Nasdaq Composite slipping into bear market territory, contributing to Cerence's decline.We've discovered 2 risks for Cerence that you should be aware of before investing here.NasdaqGS:CRNC Revenue & Expenses Breakdown as at Apr 2025. 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ECARX, a global automotive technology provider partnering with OEMs to accelerate the future of software-defined vehicles, presented the award in recognition of Cerence AI’s extensive contributions as a trusted, long-term partner delivering cutting-edge, AI-driven solutions to ECARX and its OEM customers. This is the second consecutive year that Cerence AI has been recognized with this award.ECARX and Cerence AI are long-term partners, having collaborated since ECARX’s founding in 2017 on automotive programs across a range of Geely brands, including innovative Audio AI solutions and multilingual support in vehicle infotainment systems – all contributing to Geely's global expansion. 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