Arbe Robotics Shares Soar After Collaboration With Nvidia

Dow Jones01-06

Arbe Robotics Ltd. shares were up 51% to $3.98 after the company said it was working on artificial-intelligence technology with Nvidia.

Shares of the radar-technology company hit their 52-week high of $4.90 earlier in the session, and are up 92% in the past 12 months.

In collaboration with Nvidia, Arbe said it is working to improve free-space mapping and AI-driven capabilities for the automotive industry.

Arbe plans in integrating its high-resolution radar with the Nvidia's Drive Agx in-vehicle computing platform for radar-based free space mapping, for use with hands-free driving and real-time safety applications.

Cerence Inc. rose 14% in Monday trading after zooming 143.76% on Friday amid the announcement of an automotive collaboration with chipmaker Nvidia.

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