Aurora partners with Continental and Nvidia
Wall Street Breakfast
Seeking Alpha
4.1 • 1K Ratings
🗓️ 7 January 2025
⏱️ 7 minutes
🧾️ Download transcript
Summary
Show Notes
Aurora soars +50% after unveiling a large-scale driverless truck partnership with Nvidia
Wells Fargo spotlights 31 names it believes ‘offer above-average growth potential’
Episode transcripts: seekingalpha.com/wsb
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Transcript
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| 0:00.0 | Good afternoon. Today is Tuesday, January 7th, and I'm your host for today, |
| 0:14.0 | Rena Sherbal filling in for Kim Khan. Our top stories so far. You heard about autonomous |
| 0:20.1 | driving and AI in this morning's Wall Street |
| 0:22.4 | breakfast as Nvidia and Uber teamed up. Now, how about the big rigs? Self-driving company |
| 0:28.6 | Aurora is jumping after announcing a long-term strategic partnership with Auto Supplier Continental |
| 0:34.7 | and Nvidia to deploy driverless trucks at scale. The collaboration will |
| 0:39.8 | leverage NVIDIA's next generation drive Thor system on its chip and drive OS, which will be |
| 0:45.9 | integrated into the Aurora Driver, a society of automotive engineers level four autonomous driving |
| 0:51.5 | system. The mass production of the driverless trucks is scheduled for |
| 0:55.7 | 27 with the initial service launch planned for April 2025 in Texas. The partnership was called |
| 1:02.9 | the first in the industry aimed at scaling driverless trucks. Aurora CEO Chris Irmson said |
| 1:09.2 | delivering one driverless truck will be monumental. Deploying thousands |
| 1:13.8 | will change the way we live. Wedbush analyst, Dan, I've said that the overriding message from |
| 1:19.5 | NVIDIA's CEO at the Consumer Electronics Show was that, quote, a slew of new AI technology is |
| 1:26.2 | coming out of NVIDIA around robotics, autonomous technology, PCs that will |
| 1:31.8 | further stretch their enormous technology lead versus the rest of |
| 1:35.2 | the semi and big tech landscape. This was a major flex the muscles |
| 1:39.5 | moment for Nvidia and Jensen in this AI arms race playing out across the tech ecosystem globally. |
| 1:47.6 | On the economic front, ahead of Friday's jobs report, the November job openings and labor |
| 1:52.6 | turnover survey, or jolts, showed an interesting mixed picture. Job openings jumped to 8.096 million |
| 2:00.0 | from 7.839 million in October. |
| 2:03.3 | That was much higher than the 7.65 million expected, showing continued strength in the labor market. |
... |
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