Aeye Inc (NASDAQ:LIDR) just had a massive win! The company’s stock skyrocketed by 270% after they revealed that their flagship Apollo lidar system has been officially integrated into NVIDIA’s DRIVE AGX platform. This isn’t just another tech update; it’s a major leap into the future of self-driving car technology.
With this integration, Aeye is set to reach out to a network of top automotive companies that are pushing the boundaries of self-driving and driver assistance technologies. This is a significant milestone for Aeye, marking a solid step in making their lidar technology a go-to option for passenger vehicles.
Matt Fisch, the CEO of Aeye, expressed excitement saying, “We are thrilled to now be officially certified as a part of NVIDIA’s DRIVE AGX platform, a strong validation of Apollo’s best-in-class capabilities.” He went on to mention that Apollo stands out with its industry-leading 1-kilometer range and compact design, which makes it a top choice across various markets.
The cool thing about Aeye’s lidar solution is that it’s software-defined, which means they can upgrade and enhance it without ever needing to swap out any hardware. This is perfect for today’s trend of smarter vehicles that can get better over time.
Mark your calendars for July 31! Aeye is planning to provide more insights during their upcoming earnings call. Plus, they’ll be sharing exciting news about OPTIS, their new comprehensive AI platform, which goes beyond just car technology to cover smart transportation, safety, and security.
Aeye stock price
This article is for informational purposes only. It’s not financial, investment, or professional advice. Please do your homework and consider consulting with a qualified financial advisor before making any decisions regarding investments.
