Bull&Bear | Cerence Soars 143% on NVIDIA Collaboration; Pimco Fund Drops 25% Amid Dividend Cut
2min read In the realm of bullish stocks, Cerence (CRNC) witnessed a remarkable increase of 143.76%, marking consecutive gains for two days and an impressive surge of 146.24% over the past two days. This automotive AI technology company has deepened its collaboration with NVIDIA, and the market remains optimistic about its potential for future growth. The strategic partnership is anticipated to drive innovation and create new opportunities within the industry.
Likewise, Richtech Robotics (RR) saw a noteworthy rise of 69.71%. The company plans to unveil its latest service robotics innovations at the 2025 CES, featuring AI-driven Scorpion robots and new delivery robots, capturing the attention and interest of investors and industry experts.
Stem, Inc. (STEM) has also been on an upward trajectory, with a 54.74% increase and a substantial 99.00% over the last two days. The surge was largely driven by market sentiment, boosting the company’s stock by 40%. Analysts believe that there might be room for further growth, presenting a promising outlook for Stem's future endeavors and strategic initiatives.
Lightbridge (LTBR) experienced a 29.31% increase over two days, culminating in a 39.43% rise. The company expressed appreciation for the memorandum of understanding between NRC and DOE, which aims to advance preparations for the use of advanced nuclear fuel by Evans Holdings. This development is expected to enhance the prospects for Lightbridge in the nuclear fuel sector.
Serve Robotics (SERV) gained 28.93% over two days, recording a total increase of 40.96%. The stock was part of the broader trend, driven by strong interest in companies linked to NVIDIA's investment portfolio, with Serve Robotics leading the surge in market value.
On the bearish front, Pimco Strategic Income Fund (RCS) faced a significant decline of 24.64%, continuing its downward trend to 25.13% over two days. This dip was attributed to the fund's decision to reduce its monthly dividend by 21.6% to $0.04 per share, affecting investor confidence.
In a similar vein, Dogness (DOGZ) experienced a drop of 22.42%. The stock saw sudden intraday volatility, leading to a rapid decline of 5.01%, which raised concerns among stakeholders about the company's short-term performance.
Jupiter Neurosciences (JUNS) recorded an 18.97% loss, continuing its decline to 20.56% over two days. The company recently raised $11 million through its IPO to fund clinical trials for Parkinson's disease and support its global expansion, yet the stock has faced headwinds amid market fluctuations.
Taylor Devices (TAYD) reported a decrease of 14.74%, with a total decline of 16.64% over three days. The company's second-quarter sales decreased to $8.548 million, compared to $10.339 million during the same period last year. Earnings per share were $0.34, down from $0.56 in the prior year, contributing to the slide in stock performance.
Finally, Faraday Future (FFIE) fell by 13.82%. The company's FX prototype has commenced testing in the U.S., yet market sentiment remains cautious, reflecting concerns over the future success and viability of its electric vehicle ambitions.
