Joby lifts after tie-up announced with Nvidia for autonomous flight
29/10/2025 13:54
** Shares of electric air taxi co Joby Aviation JOBY.N up 3.8% at $16.20 early Weds after announcing partnership with Nvidia NVDA.O to advance development of its autonomous flight technology
** JOBY stock rises as much as 8.7% to $16.97
** Santa Cruz, California-based firm late Tues said collaboration marked by NVDA's selection of Joby as the "only aviation launch partner" for chipmaker's new IGX Thor platform, which is designed for physical AI
** "NVIDIA's support for industry recognized functional safety standards on the IGX Thor platform allows Joby to pursue certifiable autonomy for near-term defense and long-term civil applications as the Federal Aviation Administration advances the capabilities of national airspace," according to the statement
** JOBY said integrating this technology will enhance safety and performance by enabling autonomous mission management, radar and perception processing, sensor fusion, and predictive system health monitoring
** Earlier this month, Toyota 7203.T-backed
JOBY priced a $514 mln stock offering to fund certification and manufacturing efforts, commercial operations preparations
** With move on the session, JOBY stock has doubled YTD
** Of 9 analysts covering JOBY, 1 rates "buy", 6 rate "hold" and 2 recommend "sell"; median PT of $15 up from $7 a month ago, per LSEG
(Lance Tupper is a Reuters market analyst. The views expressed are his own)
((lance.tupper@tr.com 1-646-279-6380))