Aurora Innovation (AUR) Jumps 13% Ahead of Next Week’s Key Data

We recently published 10 Stocks Stealing Market Spotlight. Aurora Innovation, Inc. (NASDAQ:AUR) is one of the best performers on Wednesday.

Aurora Innovation surged by 13.03 percent on Wednesday to close at $4.51 apiece, mirroring an overall market optimism ahead of the US central bank’s decision on interest rates.

The Federal Reserve is set to announce its decision on interest rates on December 10, and economists are placing bets on a 25-basis point rate cut.

In other news, Aurora Innovation, Inc. (NASDAQ:AUR) recently expanded its commercial operations in Texas through the launch of a second route—from Fort Worth to El Paso, following its five autonomous trucks’ successful achievement of the first 100,000 miles of running driverless on public roads. The Fort Worth to El Paso route alone spans 600 miles.

By next year, the company is planning to unveil a next-generation hardware designed to reduce overall cost by half while boosting performance and durability.

These include increased reliability to last for over a million miles, new generation of FirstLight lidar capable of detecting objects from 1,000 meters away, or twice the distance of the current generation, as well as enhanced sensor cleaning to operate reliably in harsher weather conditions.

While we acknowledge the risk and potential of AUR as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than AUR and that has 10,000% upside potential, check out our report about this cheapest AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.