What the Heck Is Going on With Nvidia and Cyngn Stock?

Cyngn (NASDAQ: CYN) had its initial public offering (IPO) in October 2021. At the time, valuations for growth stocks were seeing huge bullish catalysts related to the low-interest rate environment and expectations that pandemic-related conditions would pave the way for a bigger push for automation initiatives.The company provides 3D lidar technologies that help autonomous machines detect obstacles in the physical world. Despite interest in these technologies, the tech specialist's valuation saw a massive pullback since its IPO. On the other hand, its stock has recently seen a huge surge connected to a recently announced partnership with artificial-intelligence (AI) leader Nvidia.Is Cyngn one of the market's next explosive growth stocks, or just another flash in the pan?Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool