Nvidia Corporation (NASDAQ:NVDA) shares are trading higher Friday driven by strength in the AI and semiconductor sectors and a collaboration with Cerence Inc. (NASDAQ:CRNC).

What To Know: Nvidia and Cerence are collaborating to enhance Cerence's CaLLM language models for automotive AI. The partnership integrates Nvidia's AI Enterprise software and DRIVE AGX Orin hardware, improving in-car assistant speed and reliability. Cerence shares jumped 61.92% following the announcement according to Benzinga Pro.

Nvidia's market position has strengthened as its AI chips drive widespread adoption. The company's valuation surpassed $3 trillion in 2024, fueled by GPU demand, $1 billion in AI startup investments, and multiple acquisitions in AI and robotics.

Nvidia stock has risen 203% in the past year, reflecting confidence in its AI leadership and strategic growth efforts.

NVDA Price Action: Nvidia shares were up 4.32% at $144.30 at the time of writing, according to Benzinga Pro.

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