Why Nuance Communications Stock Surged Today

Joe Tenebruso, The Motley Fool
·2-min read
Why Nuance Communications Stock Surged Today

Shares of Nuance Communications (NASDAQ: NUAN) climbed 16% on Monday after Microsoft (NASDAQ: MSFT) announced an agreement to purchase the artificial intelligence-powered speech-recognition company. Microsoft will pay $56 per share for Nuance, or roughly 23% above its closing price on Friday. Nuance's tech will bolster Microsoft's healthcare cloud offerings.