Cerence Stock Rises 151% in a Month: Is There More Room to Run?

Cerence’s (CRNC) shares have surged 151.1% in the past month. The Zacks Computer & Technology sector has risen 5.7%, while the Zacks Computers - IT Services sector has declined 1.7% in the same time frame.The upside can be attributed to Cerence’s strong AI portfolio, expanding clientele and growing global presence in the automotive industry, all of which are supported by a solid network of partners.Cerence’s expanding partnerships with automakers like Volkswagen, Renault (RNLSY) , Skoda, and Audi, along wit ...