The tech momentum on Wall Street is gaining ground as CYN stock witnessed a rally of over 300% on Thursday after receiving a spotlight in a blog post by Nvidia.
At the time of publication, the share price of Cyngn Inc. (NASDAQ: CYN) is trading at $20.80, a 300% jump from its previous close.
The dramatic rally came as the US stock markets are witnessing a strong tech propulsion with stocks of major tech players trading higher.
CYN stock displayed strength in the pre-market trading on Thursday after the announcement of its high-profile collaboration with Nvidia at the Automatica 2025 robotics showcase.
Why CYN stock is skyrocketing
The major thrust for CYN stock came after its collaboration with the leading chipmaker Nvidia.
Nvidia highlighted Cyngn as one of a select group of robotics innovators leveraging its Isaac platform to build autonomous solutions for industrial use.
The recognition comes just ahead of Automatica 2025, a major global event focused on smart automation and robotics where Cyngn is set to showcase its latest technology.
Cyngn develops autonomous industrial vehicles that integrate NVIDIA’s Isaac platform with its own DriveMod software.
These vehicles are already in use in real-world commercial settings, helping manufacturers and logistics companies lower labor costs, boost operational efficiency, and improve workplace safety.
The collaboration with Nvidia comes at a time when Europe is making significant investments in industrial AI and robotics to tackle labor shortages and improve productivity.
This trend puts Cyngn in a strong position to benefit from the rising demand for automation solutions.
Cyngn’s autonomous vehicles including its DriveMod Tugger and Forklift are already deployed in active commercial environments, reinforcing the company’s momentum and supporting its growth story.
The collaboration with Nvidia strengthens Cyngn’s position within the industrial automation ecosystem, giving the company access to the chipmaker’s powerful AI infrastructure and tools.
By integrating Nvidia’s cutting-edge platforms, Cyngn can enhance the performance, safety, and scalability of its DriveMod solutions, making them more attractive to enterprise customers across the logistics, manufacturing, and automotive sectors.
Strong Q1 revenue growth
Cyngn reported strong revenue growth in Q1 2025, bringing in $47,200, a sharp jump from just $5,500 in the same quarter last year.
This surge reflects the company’s growing commercial momentum, with new contracts signed and its DriveMod autonomous vehicles now being deployed by major automotive OEMs and suppliers.
Despite the top-line growth, Cyngn posted a net loss of $7.6 million, largely due to continued investments in R&D and scaling operations.
However, the company showed signs of improved financial discipline, with operating expenses falling nearly 12% year-over-year.
As of March 31, 2025, Cyngn held a solid cash position and carried no debt, giving it the financial flexibility to pursue future growth opportunities.
While the recent partnership added to the credibility, the analyst looked cautious before the dramatic rise as they waited for clearer signs of sustained revenue growth and reduced losses before upgrading their outlook.
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