Latest news with #Cyngn
Yahoo
5 days ago
- Automotive
- Yahoo
What the Heck Is Going on With Nvidia and Cyngn Stock?
Key Points Cyngn stock saw massive gains after the company's partnership with Nvidia came into focus. Cyngn provides lidar and machine-vision technologies that help autonomous vehicles and industrial machines operate. The huge run-up for Cyngn following its Nvidia partnership may look out of sync with the company's sales, but it's possible that a bigger growth story is just getting started. 10 stocks we like better than Cyngn › Cyngn (NASDAQ: CYN) had its initial public offering (IPO) in October 2021. At the time, valuations for growth stocks were seeing huge bullish catalysts related to the low-interest rate environment and expectations that pandemic-related conditions would pave the way for a bigger push for automation initiatives. The company provides 3D lidar technologies that help autonomous machines detect obstacles in the physical world. Despite interest in these technologies, the tech specialist's valuation saw a massive pullback since its IPO. On the other hand, its stock has recently seen a huge surge connected to a recently announced partnership with artificial-intelligence (AI) leader Nvidia. Is Cyngn one of the market's next explosive growth stocks, or just another flash in the pan? A partnership with Nvidia has powered huge gains for Cyngn stock Nvidia published a blog on June 24 that referenced Cyngn as a robotics leader, immediately powering massive gains for the smaller company's stock. In the post, Nvidia described Cyngn as "a pioneer in autonomous mobile robotics" and noted that the company was integrating its DriveMod technology into the Isaac Sim system in order to bolster autonomous machine operations. The news kicked off a big rally for the stock, and the gains were just getting started. On June 26, Cyngn announced a collaboration with Nvidia. As a result, the smaller company's share price skyrocketed more than 250% in the single session. With the report, the company announced that its DriveMod-enabled vehicles had been rolled out at several new industrial sites in the manufacturing, automotive, logistics, and consumer-packaged goods spaces. With the benefit of these technologies, robotics systems can tell when they are in danger of running into another object. Through the integration of this tech, autonomous vehicles and warehouse machines have increased capabilities to avoid collisions. Cyngn's technologies are being used by companies including Deere & Co.'s John Deere division, Rivian, and BYD. What does Cyngn's financial picture look like? Even with the incredible rally, Cyngn stock is still down roughly 93% across 2025's trading -- and the partnership with Nvidia naturally raises questions about whether the small tech specialist is primed for big gains or another round of huge sell-offs. Following its massive valuation surge, Cyngn quickly moved to arrange stock-selling deals in order to bolster its funding. Through the new investment rounds, Cyngn managed to raise $32 million in funding. The stock is still up roughly 110% over the last month, even with the dilutive impact of new share sales. As of this writing, the company now has a market capitalization of roughly $48 million. With a market capitalization of that size, Cyngn is still a relatively small company. On the other hand, it's also trading at a huge premium relative to its sales to date. The explosive surge for the stock appears to have been almost entirely powered by the company's connection to Nvidia. As the largest, most influential provider of key AI processing hardware, Nvidia is an incredibly powerful partner -- but there's still a huge amount of guesswork involved in charting what exactly the partnership means for Cyngn. Cyngn recorded just $47,200 in sales in this year's first quarter. While this represented a significant step up from the $5,500 in sales it posted in the prior-year quarter, it's still small in the grand scheme of things. The business also posted a loss of $7.6 million in the quarter, increasing from a loss of $6 million in the prior-year period. What comes next for Cyngn? The incredible run-up for Cyngn stock highlights just how powerful Nvidia's name and influence in the market is right now. The market's outlook on the macroeconomic backdrop also helped facilitate gains for Cyngn stock. Investors are now broadly betting that the Federal Reserve will implement multiple cuts for the benchmark interest rate this year -- a development that would likely be very beneficial for speculative stocks like Cyngyn. Notably, the announcement of Cyngn's partnership with Nvidia came on the heels of some potentially significant patent news. At the end of May, Cyngn published a news release saying that it had received a patent for "modular sensor system for automated guided vehicles," and stated that the significance of the patent was grounded in facilitating modular sensor systems that could help industrial machines better interact with complex geometries in the physical world. It's unclear whether this patent played a role in Nvidia partnership with the company, but the team-up makes Cyngn an interesting play to watch as AI and robotics trends continue to unfold. Should you buy stock in Cyngn right now? Before you buy stock in Cyngn, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Cyngn wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $679,653!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $1,046,308!* Now, it's worth noting Stock Advisor's total average return is 1,060% — a market-crushing outperformance compared to 179% for the S&P 500. Don't miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks » *Stock Advisor returns as of July 15, 2025 Keith Noonan has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Deere & Company and Nvidia. The Motley Fool recommends BYD Company. The Motley Fool has a disclosure policy. What the Heck Is Going on With Nvidia and Cyngn Stock? was originally published by The Motley Fool Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
02-07-2025
- Automotive
- Yahoo
Cyngn Stock Soars as Nvidia Partner Covers Costs Through 2027
Cyngn said it raised $32 million in a shelf offering last week, and that will cover its expenses through 2027. The maker of autonomous industrial vehicles recently announced a collaboration agreement with Nvidia. Cyngn has moved to a bigger headquarters to keep up with of Cyngn (CYN) took off Wednesday when the maker of self-driving industrial vehicles announced it raised enough cash in a shelf offering to cover its expenses through 2027. CEO Lior Tal wrote in a letter to shareholders that the company brought in $32 million last week. That's also when Cyngn made headlines by striking a collaboration agreement with Nvidia (NVDA). Tal added that the firm's DriveMod autonomous vehicles are "now operating in warehouse aisles and across factory floors around the clock, delivering measurable improvements to safety, productivity, and labor costs." Tal said that Cyngn machines have been deployed at several new sites across industries in recent months, including manufacturing, automotive, logistics, and consumer-packaged goods. Tal explained that to keep up with demand, Cyngn has moved into a new, larger headquarters office in Mountain View, Calif. Tal noted that the deal with Nvidia to use the chipmaker's Isaac robotics platform "has helped us move faster." Despite today's 12% advance, Cyngn shares are down nearly 90% in 2025. Read the original article on Investopedia Sign in to access your portfolio
Yahoo
02-07-2025
- Automotive
- Yahoo
Cyngn Readies for Next Phase of Growth with Funding Secured Through 2027
Cyngn raised $32M last week and are funded through 2027 DriveMod vehicles have been deployed across multiple industries, including manufacturing, automotive, logistics, and CPG. The company is accelerating its product development via new partnerships with NVIDIA and a relocation to a new, larger facility. The company is leveraging AI across the business to accelerate the development and deployment of its products. MOUNTAIN VIEW, Calif., July 2, 2025 /PRNewswire/ -- Today, Cyngn (Nasdaq: CYN) issued a letter from the CEO: Cyngn Shareholders: Last week, Cyngn completed a $32 million capital raise, fully utilizing our shelf registration. This funding strengthens our balance sheet and enables us to continue executing our growth plans, without the need to raise additional capital in the near term. Our autonomous DriveMod vehicles are now operating in warehouse aisles and across factory floors around the clock, delivering measurable improvements to safety, productivity, and labor costs. In recent months, we've deployed DriveMod-enabled vehicles at several new sites across industries, including manufacturing, automotive, logistics, and consumer-packaged goods. For our clients, our autonomous vehicles are becoming part of how critical work gets done and provide them a competitive advantage. To keep up with this demand, we've relocated into a new headquarters office in Mountain View that includes larger test and demonstration areas to support our product development and increase on-site selling activities. Similarly, our collaboration with NVIDIA has helped us move faster. Isaac Sim is a high-fidelity simulation environment that enables us to bring new capabilities to market safely, quickly and affordably. We remain committed to advancing the next generation of industrial autonomy. With 23 patents granted to date, our growing intellectual property portfolio reflects the depth of innovation happening across our engineering and R&D teams. As we scale, we will continue investing in the core technologies that differentiate DriveMod and position Cyngn as a long-term leader in autonomous vehicle solutions for industrial environments. We are also increasingly harnessing advanced generative AI and AI agents across our R&D, product development, and customer-facing tools. These technologies act as a force multiplier, enabling our teams to work more efficiently, iterate faster, and unlock new capabilities without a proportional increase in resources. By integrating AI into our workflows, we're giving our developers the tools they need to move quickly and cost-effectively, accelerating innovation across the company. We now have the resources, the technology, and the market traction to focus entirely on execution. Our goal is simple: convert momentum into scale, and do it with discipline, precision, and long-term conviction. Sincerely, Lior TalCEO, Cyngn About Cyngn Cyngn develops and deploys autonomous vehicle technology for industrial organizations like manufacturers and logistics companies. The Company addresses significant challenges facing industrial organizations today, such as labor shortages and costly safety incidents. Cyngn's DriveMod technology empowers customers to seamlessly bring self-driving technology to their operations without high upfront costs or infrastructure installations. DriveMod is currently available on Motrec MT-160 Tuggers and BYD Forklifts. The DriveMod Tugger hauls up to 12,000 lbs, travels inside and out, and targets a typical payback period of less than 2 years. The DriveMod Forklift lifts heavy loads that use non-standard pallets and is currently available to select customers. For all terms referenced within, please refer to the Company's annual report on Form 10-K with the SEC filed on March 6, 2025. Investor Contact: Natalie Russell, Interim CFO investors@ Media Contact: Luke Renner, Head of Marketing media@ Where to Find Cyngn: Website: X: LinkedIn: YouTube: Forward-Looking Statements This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Any statement that is not historical in nature is a forward-looking statement and may be identified by the use of words and phrases such as "expects," "anticipates," "believes," "will," "will likely result," "will continue," "plans to," "potential," "promising," and similar expressions. These statements are based on management's current expectations and beliefs and are subject to a number of risks, uncertainties and assumptions that could cause actual results to differ materially from those described in the forward-looking statements, including the risk factors described from time to time in the Company's reports to the Securities and Exchange Commission (SEC), including, without limitation the risk factors discussed in the Company's annual report on Form 10-K filed with the SEC on March 6, 2025. Readers are cautioned that it is not possible to predict or identify all the risks, uncertainties and other factors that may affect future results. No forward-looking statement can be guaranteed, and actual results may differ materially from those projected. Cyngn undertakes no obligation to publicly update any forward-looking statement, whether as a result of new information, future events, or otherwise. 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Forbes
28-06-2025
- Automotive
- Forbes
Cyngn Stock: Should You Buy The Nvidia Hype?
Cyngn (NASDAQ:CYN) stock has surged over 300% in just two trading days after AI chip titan Nvidia named the company in a blog post as one of a select group of robotics innovators using its Isaac robotics platform to build autonomous industrial vehicles. Cyngn specializes in autonomous vehicle technology tailored for industrial and logistics applications. Isaac is Nvidia's robotics platform that combines AI models for perception, reasoning, and control, serving as an open foundation model for robotic skills and decision-making. Cyngn's flagship product, DriveMod, retrofits existing industrial vehicles such as forklifts, turning them into autonomous machines. The announcement from Nvidia comes ahead of Automatica 2025, a major global automation and robotics event where Cyngn is set to showcase its latest technologies. Cyngn's vehicles, which integrate Nvidia's Isaac platform with its own DriveMod software, are already operating in live commercial environments, catering to customers in logistics, manufacturing, and automotive sectors. Although these tools could play an increasing role in streamlining operations and reducing labor costs, investors should be cautious when it comes to Cyngn's stock. But, if you are looking for an upside with a smoother ride than an individual stock, consider the High Quality portfolio, which has outperformed the S&P, and clocked >91% returns since inception. JINHUA, CHINA - OCTOBER 25: Automated robotic arms work on the assembly line of new energy vehicles ... More at a factory of Chinese EV startup Leapmotor on October 25, 2023 in Jinhua, Zhejiang Province of China. (Photo by Hu Xiaofei/VCG via Getty Images) VCG via Getty Images Cyngn Is Still A Risky Bet Cyngn is still in the early stages of commercialization, with Q1 revenue of a mere $47,200, despite strong growth from a small base. Revenue volatility remains a concern. Over the past year, sales actually declined by 34.1%, falling from $0.6 million to $0.4 million, while the broader S&P 500 saw average revenue growth of 5.5%. Cyngn also posted a net loss of $7.6 million in Q1, reflecting continued heavy investment in R&D and scaling up its operations. The company recently announced a $15 million direct offering at $5.01 per share, providing additional capital but also diluting existing shareholders. With a high cash burn rate, Cyngn may need to raise more funds in the future. Valuation is also stretched. Cyngn trades at a price-to-sales (P/S) ratio of 43.5, compared to 3.1 for the S&P 500. It's also worth noting that the recent rally was sparked largely by Nvidia's mention, not an exclusive partnership or contract. Cyngn is one of more than ten companies featured in Nvidia's blog post, and likely just one of many that will leverage Isaac moving forward. With limited revenue, significant losses, and a recent share issuance, the rally appears driven more by speculation, rather than business fundamentals. (Related: QuantumScape: 40x Upside For QS Stock?) While you would do well to be cautious about CYN stock for now, you could explore the Trefis Reinforced Value (RV) Portfolio, which has outperformed its all-cap stocks benchmark (combination of the S&P 500, S&P mid-cap, and Russell 2000 benchmark indices) to produce strong returns for investors. Why is that? The quarterly rebalanced mix of large-, mid- and small-cap RV Portfolio stocks provided a responsive way to make the most of upbeat market conditions while limiting losses when markets head south, as detailed in RV Portfolio performance metrics
Yahoo
28-06-2025
- Business
- Yahoo
Cyngn announces $17M registered direct offering
Cyngn (CYN) announced that it has entered into definitive agreements in a registered direct offering with a single institutional investor for the purchase and sale of approximately $17.2M of shares of Common Stock and pre-funded warrants at a price of $7.50 per share of Common Stock. Upon closing of the offering, the company will have fully utilized its shelf registration statement. Aggregate gross proceeds to the Company are expected to be approximately $17.2 million. The transaction is expected to close on or about June 30, 2025, subject to the satisfaction of customary closing conditions. The company expects to use the net proceeds from the offering for general corporate purposes and working capital. Aegis Capital Corp. is acting as exclusive placement agent for the offering. Sichenzia Ross Ference Carmel LLP is acting as counsel to the Company. Kaufman & Canoles, P.C. is acting as counsel to Aegis Capital Corp. Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>> See the top stocks recommended by analysts >> Read More on CYN: Disclaimer & DisclosureReport an Issue Cyngn Stock (CYN) Rockets 165% on Nvidia Collaboration Morning News Wrap-Up: Thursday's Biggest Stock Market Stories! Cyngn announces $15M registered direct offering Cyngn trading resumes Cyngn trading halted, volatility trading pause
