Lidar Stock Soars 33% After Nvidia Taps Supplier
Market Intelligence Analysis
AI-PoweredAeva Technologies' stock experienced a 33% surge after being selected as a lidar supplier for Nvidia's DRIVE Hyperion autonomous vehicle platform, indicating a significant boost in the company's valuation.
Market impact analysis based on bullish sentiment with 90% confidence.
Article Context
Shares of lidar maker Aeva Technologies surged early Tuesday after the company said it had been selected as a lidar supplier for Nvidia autonomous-vehicle platform. The jump followed a Monday announcement that Aeva was selected to be a lidar supplier for Nvidia’s DRIVE Hyperion autonomous vehicle platform. DRIVE Hyperion allows automakers to build self-driving cars using Nvidia’s hardware and software, rather than developing those systems from scratch.
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