Aurora Innovation Inc. (NASDAQ:AUR) is one of the 10 Stocks Delivering Eye-Popping Gains.
Aurora Innovation saw its share prices jump by 15.52 percent on Thursday to finish at $5.88 apiece after bagging a new deal for the supply of some 500 Aurora Driver-powered trucks for an Iowa-based trucking company
In a statement on the same day, Aurora Innovation Inc. (NASDAQ:AUR) inked a memorandum of agreement with Hirschbach Motor Lines, which includes the order of some 500 Aurora Driver-powered trucks, delivery of which will begin in 2027.
Final commercial terms are expected to be closed later this year.
Photo from Aurora Innovation
According to Aurora Innovation Inc. (NASDAQ:AUR), Hirschbach will subscribe to its Driver as a Service (DaaS) model, under which the latter will own the assets, while it supplies the virtual drivers.
Hirschbach CEO Richard Stocking called the partnership a “win-win” for both companies, saying that the trucks’ autonomy is not purely a business move but a quality-of-life investment for its people.
“The Aurora Driver will handle the lengthier, less desirable routes, providing our drivers with greater flexibility,” he noted.
Partnership aside, investors also repositioned portfolios ahead of the results of its first quarter earnings, after market close on Wednesday, May 6. A conference call will be organized for the discussion of the results.
While we acknowledge the potential of AUR as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
READ NEXT: 33 Stocks That Should Double in 3 Years and Cathie Wood 2026 Portfolio: 10 Best Stocks to Buy.
Disclosure: None. Follow Insider Monkey on Google News.
