Markets
9th VivaTech - Viva Technology: Day One
Jensen Huang poses next to the open foundation model for generalized humanoid robot Nvidia Isaac GR00T N1 (Chesnot/Getty Images)

A tiny robotics company is more than tripling after drawing attention to its relationship with Nvidia

Shares of Cyngn are going parabolic, with higher volumes in less than 15 minutes on Thursday than the rest of 2025 combined.

Luke Kawa

This is one helluva Jensen Huang halo effect:

Tiny industrial robotics company Cyngn Inc. is going parabolic on Thursday. It was up more than 300% at one point and halted for volatility after trumpeting its relationship with the biggest publicly traded company in the world: AI juggernaut Nvidia.

“Cyngn Inc. today announced its collaboration with NVIDIA as part of the Automatica 2025 robotics and automation showcase,” per the press release. “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.”

That blog post from Nvidia on Tuesday shouted out Cyngn as one of many robotics “leaders” deploying its technology. It was the first time the firm had been mentioned on Nvidia’s website, but the ramp in Cyngn didn’t really start until Wednesday’s session was nearly over.

Cyngn has generated less than $3 million in revenue over its lifetime as a publicly traded company, but has now seen its market cap surge to above $35 million. Over 44 million shares have changed hands less than 15 minutes into today’s session, which is more volume than every other session in 2025 combined.

It’s eerily reminiscent of what happened with Navitas Semiconductor, which surged in late May under similar circumstances after drawing more attention to the fact that it had earned a place in Nvidia’s supply chain.

I repeat:

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.

More Markets

See all Markets
markets
Jake Lahut

Applied Digital inks new $7.5 billion lease with hyperscaler it first booked in April

Applied Digital saw its price soar after hours on news of a long-term lease agreement with the same “investment-grade” hyperscaler it struck a similar deal with in April.

The additional lease for 15 years in a take-or-pay arrangement is valued at $7.5 billion, and could rise to $18.2 billion if all options are exercised, according to the company's announcement.

This latest contract would bring Applied Digital's total contracted lease revenue to $31 billion, or $73 billion if all options are taken up.

The company also crowed about passing 1 GW of contracted capacity as it lands a customer for its fourth AI factory campus. The customer in question is not named, nor the exact location, just that the campus is “located in a northern state.”

The additional lease for 15 years in a take-or-pay arrangement is valued at $7.5 billion, and could rise to $18.2 billion if all options are exercised, according to the company's announcement.

This latest contract would bring Applied Digital's total contracted lease revenue to $31 billion, or $73 billion if all options are taken up.

The company also crowed about passing 1 GW of contracted capacity as it lands a customer for its fourth AI factory campus. The customer in question is not named, nor the exact location, just that the campus is “located in a northern state.”

markets

Intuit plummets after reporting slowing revenue growth

Is it a worse day to be an Intuit employee or an Intuit shareholder?

On Wednesday, the financial and business tech company announced third-quarter earnings and sweeping layoffs on the same day. The TurboTax parent company said it would cut 17% of its workers — approximately 3,000 people — to focus on its AI efforts, according to a memo obtained by Reuters.

The stock was down 3.8% during market hours. It dropped further when Intuit released third-quarter results after the bell showing the slowest year-over-year revenue growth since 2024, falling 10% after-hours.

Here are the numbers:

  • Q3 revenue of $8.56 billion (compared to analyst estimates of $8.54 billion).

  • Adjusted earnings per share of $12.80 (estimate: $12.54).

  • Raised full-year guidance for revenue of $21.34 billion to $21.37 billion (estimate: $21.24 billion).

“We delivered strong third-quarter results, driven by our AI-driven expert platform strategy,” said Sasan Goodarzi, chairman and CEO of Intuit. “As a result, we are raising our full-year revenue guidance for fiscal 2026.”

Shares of Intuit are down nearly 40% this year.

On Wednesday, the financial and business tech company announced third-quarter earnings and sweeping layoffs on the same day. The TurboTax parent company said it would cut 17% of its workers — approximately 3,000 people — to focus on its AI efforts, according to a memo obtained by Reuters.

The stock was down 3.8% during market hours. It dropped further when Intuit released third-quarter results after the bell showing the slowest year-over-year revenue growth since 2024, falling 10% after-hours.

Here are the numbers:

  • Q3 revenue of $8.56 billion (compared to analyst estimates of $8.54 billion).

  • Adjusted earnings per share of $12.80 (estimate: $12.54).

  • Raised full-year guidance for revenue of $21.34 billion to $21.37 billion (estimate: $21.24 billion).

“We delivered strong third-quarter results, driven by our AI-driven expert platform strategy,” said Sasan Goodarzi, chairman and CEO of Intuit. “As a result, we are raising our full-year revenue guidance for fiscal 2026.”

Shares of Intuit are down nearly 40% this year.

Latest Stories

Sherwood Media, LLC and Chartr Limited produce fresh and unique perspectives on topical financial news and are fully owned subsidiaries of Robinhood Markets, Inc., and any views expressed here do not necessarily reflect the views of any other Robinhood affiliate, including Robinhood Markets, Inc., Robinhood Financial LLC, Robinhood Securities, LLC, Robinhood Crypto, LLC, Robinhood Money, LLC, Robinhood U.K. Ltd, Robinhood Derivatives, LLC, Robinhood Gold, LLC, Robinhood Asset Management, LLC, Robinhood Credit, Inc., Robinhood Ventures DE, LLC and, where applicable, its managed investment vehicles.