Latest news with #DriveMod
Forbes
a day ago
- 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
3 days ago
- Automotive
- Yahoo
Cyngn (CYN) Skyrockets Nearly 500%--Thanks to Nvidia's Backing
June 26 - Cyngn (NASDAQ:CYN) shares soared as much as 500% Thursday morning after the industrial automation company revealed a partnership with Nvidia (NASDAQ:NVDA) to feature its autonomous vehicles at Automatica 2025. Warning! GuruFocus has detected 4 Warning Signs with CYN. The vehicles, powered by Nvidia's Isaac robotics platform and Cyngn's in-house DriveMod software, are designed to support automation in sectors like logistics and manufacturing. The collaboration aims to improve operational safety and efficiency across commercial sites. Cyngn was one of several robotics firms chosen to demonstrate Nvidia-powered technologies at the global event. Automatica 2025 is viewed as a key venue for showcasing AI-driven systems in real-world industrial environments. The stock's sharp move comes after a challenging 12 months, during which Cyngn lost nearly all its market value. The company faced delisting risks due to prolonged share price weakness and missed earnings expectations across four consecutive quarters. Cyngn regained Nasdaq compliance in March 2025. Nvidia shares were up about 1% in the same session. While it remains to be seen whether the partnership will translate into broader adoption, Thursday's rally reflects investor optimism over Cyngn's tech alignment with a major AI player. This article first appeared on GuruFocus. 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
Time of India
3 days ago
- Automotive
- Time of India
Nvidia's 'one line' has led to almost 500% jump in this technology company's stock, biggest single-day surge of 2025 on Wall Street
FILE - (AP Photo/Chiang Ying-ying, File) Cyngn Inc, a little-known industrial robotics company, has captured Wall Street's attention with a staggering 483% single-day stock surge on Thursday (June 26), skyrocketing from $5 to over $29.25 in just 15 minutes of trading. The catalyst? A subtle nod from Nvidia CEO Jensen Huang in a developer blog post that sent trading volume soaring past 44 million shares -- exceeding the stock's entire 2025 volume combined. The frenzy began Tuesday when Nvidia's blog highlighted Cyngn as a key player among robotics innovators using its AI-powered Nvidia Isaac platform for safe, scalable automation in dynamic environments. What is the Nvidia deal all about The mention, part of a press release during the Automatica 2025 robotics event, marked Cyngn's first appearance on Nvidia's official site. While the market initially slept on the news, momentum built late Wednesday, erupting into Thursday's explosive rally. The collaboration highlights how Cyngn is leveraging the Nvidia Isaac robotics platform to power next-generation autonomous vehicle solutions for industrial applications. 'Cyngn Inc. today announced its collaboration with Nvidia as part of the Automatica 2025 robotics and automation showcase. As featured in NVIDIA's recent blog post, Cyngn was selected among a handful of robotics innovators using NVIDIA Isaac technologies to accelerate safe, scalable autonomy across dynamic, real-world environments.' Cyngn, based in Mountain View, California, specializes in its DriveMod technology, which transforms industrial vehicles like forklifts and tuggers into autonomous mobile robots (AMRs) capable of handling loads up to 12,000 pounds. Requiring no infrastructure changes, DriveMod targets warehouses, factories, and outdoor industrial zones, offering cost-effective automation solutions. The company's integration of Nvidia Isaac enhances its robots' ability to make real-time decisions in complex settings, earning it credibility as a robotics 'leader' in Nvidia's eyes. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like 이걸 발견한 후로 다른 모든 게임을 하지 않게 됐어요! 레이드 섀도우 레전드 설치하기 Undo From 100% drop in stock to 500% jump This sudden spotlight contrasts sharply with Cyngn's struggles. The company, public since 2021, reported just $368,000 in revenue for 2024 and $47,000 in Q1 2025, missing analyst estimates for four consecutive quarters. Its stock plummeted 100% over the past year, narrowly regaining Nasdaq compliance in March 2025 after failing to meet the exchange's minimum bid price. Yet, Thursday's rally propelled Cyngn's market cap above $35 million, driven by what traders call Nvidia's 'halo effect'—a phenomenon previously seen with stocks like Navitas Semiconductor, which surged after joining Nvidia's supply chain. AI Masterclass for Students. Upskill Young Ones Today!– Join Now
Time of India
3 days ago
- Automotive
- Time of India
Jensen Huang's comment sends Cyngn stock soaring 500% - what is this little-known company that has everyone talking
Cyngn stock soaring 500%: It's not every day that a small, almost-forgotten company grabs the spotlight on Wall Street — but that's exactly what happened with Cyngn Inc. (NASDAQ: CYN) after a quiet mention from Nvidia CEO Jensen Huang sparked one of the biggest single-day stock surges in 2025. In just under 15 minutes of trading on Thursday, Cyngn shares skyrocketed over 483%, jumping from around $5 to over $29.25, with volume exploding past 44 million shares. That's more than the entire trading volume of the stock in all of 2025 — combined. So, what's behind this sudden madness? It all started with Nvidia's developer blog post on Tuesday, which casually named Cyngn as one of a select group of robotics companies using NVIDIA Isaac, the tech giant's AI platform for real-world automation. How did Jensen Huang's Nvidia mention trigger Cyngn's 500% rally? The big moment came from a press release by Cyngn during the Automatica 2025 robotics event, where it announced its collaboration with Nvidia. According to the release: 'Cyngn Inc. today announced its collaboration with NVIDIA as part of the Automatica 2025 robotics and automation showcase. As featured in NVIDIA's recent blog post, Cyngn was selected among a handful of robotics innovators using NVIDIA Isaac technologies to accelerate safe, scalable autonomy across dynamic, real-world environments.' The developer blog that went live Tuesday was the first-ever mention of Cyngn on Nvidia's official site. And while the market didn't immediately react, the real action began late Wednesday and exploded at Thursday's open. Live Events Also Read: US stock market today: Dow jumps 200 points, S&P nears record, Nasdaq climbs as Trump eyes Fed shake-up and Nvidia leads top movers The link to Jensen Huang's Nvidia added what many traders called the 'halo effect' — similar to what happened with Navitas Semiconductor (NVTS) earlier this year when it surged after becoming part of Nvidia's supply chain. What exactly does Cyngn do, and why is it drawing attention now? Cyngn is a small industrial robotics company based in Mountain View, California. It builds a product called DriveMod, which retrofits existing industrial vehicles — like forklifts and tuggers — and turns them into autonomous mobile robots (AMRs). DriveMod can be used in warehouses, factories, and even outdoor industrial zones. The robots can carry loads up to 12,000 lbs, and more importantly, don't require any changes to the customer's infrastructure. That's a major selling point for companies looking to automate without massive upfront costs. Also Read: Altimmune's stock plummets over 60% as liver drug falls short in trial A few key details: Company: Cyngn Inc. (Ticker: CYN) Headquarters: Mountain View, CA Product: DriveMod autonomous vehicle platform Deployment partners: BYD forklifts, Motrec tuggers Specialty: Real-world AMRs for manufacturing, logistics, mining, and construction Value proposition: Autonomous operations, no infrastructure changes, ~2-year ROI Cyngn has been public since 2021 but has remained off the radar. The company reported just $368,000 in revenue for 2024, and only $47,000 in Q1 2025. That's less than $3 million total since going public. Yet, its stock now boasts a market cap north of $35 million — all thanks to one name drop. How does Nvidia's AI tech play a role in Cyngn's work? Cyngn uses NVIDIA Isaac , a platform that enables safer, scalable automation across industries. This technology helps Cyngn robots make real-time decisions in dynamic environments. Nvidia calling Cyngn one of its robotics 'leaders' added instant credibility. This single mention worked as a market catalyst, similar to past examples like Navitas Semiconductor, which spiked after joining Nvidia's supply chain. Why are traders going wild for Cyngn stock? The answer lies in a mix of FOMO (fear of missing out), Nvidia's AI dominance, and the market's current obsession with tiny-cap tech plays linked to artificial intelligence. After the Nvidia blog post, social media and stock trading forums lit up. Traders quickly realized that Cyngn — once ignored — was now publicly associated with the world's most valuable AI company. What makes this story even more bizarre is that the Nvidia blog post came out on Tuesday, but trading in Cyngn didn't explode until late Wednesday. One analyst from Bloomberg, Luke Kawa, tweeted: 'How in the world isn't some algorithm scraping all of Nvidia's corporate sites for mentions of companies and taking positions in stocks that had no previously disclosed relationship with the semi designer giant?!?! That developer blog, again, was published on Tuesday.' Is this just hype or does Cyngn have real potential? That's the question investors are now asking. On paper, Cyngn is still a tiny company with a very limited revenue stream. It reported a net loss of nearly $29 million in 2024, with heavy spending on R&D and operations. But the company has a few strengths: A fleet management system that lets customers remotely control and analyze their AMRs A growing portfolio of 22+ patents related to autonomous driving and industrial robotics Real-world deployment results showing ~64% labor cost savings and ~33% productivity increases Still, it's important to remember that this is not a profit-generating business. It remains a speculative bet, even with Nvidia's validation. What's next for Cyngn after its Nvidia spotlight? This Nvidia mention may be just the beginning — or a one-off event. What comes next depends on whether Cyngn can: Turn the spotlight into real contracts or deployments Secure more partnerships with large industrial clients Prove its business model is scalable beyond pilot programs For now, Cyngn's story is a reminder that in the AI gold rush, even the smallest players can see wild surges if they get tied to a giant like Nvidia. Whether it holds or fades, we'll find out soon. But for today, Cyngn's 500% rally stands as one of 2025's most unexpected — and volatile — success stories. FAQs: Q1: Why did Cyngn stock rise over 500%? Because Nvidia CEO Jensen Huang mentioned Cyngn in a blog post, which triggered massive investor interest. Q2: What does Cyngn do with Nvidia's technology? Cyngn uses Nvidia's Isaac platform to power its autonomous industrial robots.
Yahoo
02-06-2025
- Automotive
- Yahoo
Cyngn Launches Dealer Portal to Facilitate the Scaled Expansion of Its Dealer Network
MENLO PARK, Calif., June 2, 2025 /PRNewswire/ -- Cyngn (the "Company" or "Cyngn") (Nasdaq: CYN) today announced the launch of the Cyngn Dealer Portal, an online resource hub created to support its growing dealer network. The portal provides easy access to a comprehensive suite of Cyngn assets, including sales materials, detailed pricing information, and co-marketing resources. This new tool will allow dealers to effectively present Cyngn's autonomous solutions to their customers, increasing efficiency and facilitating faster sales cycles. "In the last several months, several Motrec dealers have begun to sell DriveMod Tuggers throughout North and Central America. With the Dealer Portal, we are making it easier than ever for dealers to access the information they need to confidently introduce our autonomous solutions to their customers. We see this as a key step in accelerating the adoption of our technology across various sectors," said Lior Tal, Cyngn's CEO. Through the Dealer Portal, Cyngn continues to deliver on its core competency of using technology to introduce innovative, value-generating solutions to an established industry. Partners can access information that will help them stay up-to-date with product offerings, pricing models, and marketing initiatives through a simple web portal. In addition to resources that simplify the sales process, the portal provides training materials and technical documentation to support dealers as they engage new customers and pursue opportunities in industrial autonomy. The launch of the Dealer Portal builds on the momentum of Cyngn's Dealer Network, which includes partnerships with prominent dealers and service providers in the industrial vehicle sector. These partnerships are essential for expanding Cyngn's reach and enhancing the ability of companies in various industries to implement autonomous vehicle solutions efficiently. Dealers who are not yet part of Cyngn's network are encouraged to explore the benefits of joining. For more information about joining Cyngn's Dealer Network and gaining access to the Dealer Portal, please visit: 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 MT160 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 Contactinvestors@ Media ContactLuke Renner | Head of Marketingmedia@ Find Cyngn on: 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. View original content to download multimedia: SOURCE Cyngn
