PATEO (02889.HK) announced that it has entered into a series of in-depth partnerships with NVIDIA (NVDA.US) and a leading NEV OEM.

Spurred by the news, the stock price opened 14.86% higher today (24th). With gains once exceeding 23%, it peaked at HKD198.9. It last posted at HKD179.7, up 11.27%, with turnover of 648,200 shares, involving HKD122 million.

PATEO announced that the series of in-depth collaborations include the company receiving a designation notice for a new-generation intelligent vehicle model from a leading NEV OEM, as well as configuration solutions for NVIDIA's accelerated computing platform.

The cooperation involves deploying AI BOX based on the NVIDIA DRIVE AGX Thor accelerated computing platform, providing high-performance computing power support for on-vehicle deployment of next-generation AI foundation models.
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AASTOCKS Financial News
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