On June 3, Aptiv rose 5.26% in regular trading, trading at $77.76/share, with trading volume of $242 million. The rally was driven by the company's announcement on June 1 to further expand its collaboration with NVIDIA on production-ready edge AI platforms.
According to the announcement, Aptiv and NVIDIA are jointly upgrading the NVIDIA Jetson platform, including next-generation Jetson Thor, to build commercially deployable edge AI systems spanning five major industries: industrial automation, robotics, aerospace, automotive, and telecom. The Jetson Thor platform delivers 2,070 FP4 TFLOPS of AI compute — seven times the previous generation — enabling real-time multimodal inference for autonomous driving and industrial robotics. The market expects edge AI to become Aptiv's second growth curve, potentially contributing $1 billion in revenue by 2027, accelerating its transformation from an auto parts supplier into a cross-industry edge AI solutions provider.
Aptiv reported Q1 revenue of $5.1 billion (up 5% YoY) and adjusted EPS of $1.71 (up 12% YoY), having completed the separation of its EDS business to focus on the higher-growth Advanced Safety and User Experience segment.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)
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