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0 0 0.0180780209324454 0.0142721217887726 0.0133206470028545 0.0104662226451 -0.0149191246431968 -0.0133206470028543
Stock impact report

https://seekingalpha.com/article/4764807-cerence-bottoming-out-amid-strong-auto-ai-powered-virtual-assistant-demand [Seeking Alpha]

Cerence Inc. (CRNC) 
Last cerence inc. earnings: 2/11 07:00 am Check Earnings Report
Company Research Source: Seeking Alpha
Despite a significant revenue drop, Cerence's core business remains stable, with a 5% growth in connected car shipments and new strategic partnerships. Restructuring efforts aim to cut costs by $35-$40 million, bolstering profit margins and positioning Cerence for sustainable growth in the evolving automotive AI landscape. Cerence's stock has rallied 30% year to date, driven by its expanding AI portfolio, strategic alliances, and successful product launches in the auto industry. There is a 30% long-term upside. Hiroshi Watanabe Investment thesis The global virtual assistants market is growing at a compound annual growth rate of 22.3% and is projected to be worth $23.57 billion by 2033. Integration of virtual assistants with smart home devices such as speakers, thermostats, lighting systems, and This article was written by Analyst's Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such p Show less Read more
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