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Stock impact report

Cerence Boosts Skoda's In-Car Experience: Should You Buy CRNC Stock? [Yahoo! Finance]

Cerence Inc. (CRNC) 
Last cerence inc. earnings: 2/11 07:00 am Check Earnings Report
Company Research Source: Yahoo! Finance
Cerence 's CRNC shares have plunged 87.5% year to date against the broader Zacks Computer & Technology sector's return of 19.4% and the Zacks IT Services industry's rise of 7.7%. The underperformance was due to slowing momentum in the automotive industry along with stiff competition in the automotive Generative AI (GenAI) market, which affected CRNC's top-line growth. However, Cerence is well-positioned to benefit from advancements in GenAI, a growing clientele and a strong partner network. Its collaboration with Skoda, a well-known Volkswagen VWAGY brand, is noteworthy as the deal aims to enhance the driving experience by integrating Cerence Chat Pro with Skoda's in-car voice assistant, Laura. Skoda drivers and passengers can interact conversationally with their in-car assistant powered by Cerence Chat Pro. This integration offers accurate responses to queries and simplifies navigation, enabling drivers to quickly and safely access essential features. Cerence Inc. Price an Show less Read more
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