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Technology Stocks : Ouster (OUST)
OUST 31.72-4.9%9:30 AM EST
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From: Sam11/9/2021 8:17:45 AM
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Luminar Technologies skyrockets after landing lidar deal with Nvidia
Nov. 09, 2021 7:05 AM ET Luminar Technologies, Inc. (LAZR) By: Clark Schultz, SA News Editor

    Luminar Technologies (NASDAQ: LAZR) pops after announcing at the NVIDIA GTC conference that its lidar solution has been selected to be part of the sensor suite in the Nvidia Drive Hyperion autonomous vehicle reference platform.The company says Drive Hyperion will utilize one forward-facing long-range Luminar Iris lidar in its Level 3 highway driving configuration.Looking at the big picture, Luminar says it is pioneering a "unique, scalable solution" that complements the Nvidia Hyperion platform.Shares of LAZR are up 55.31% premarket to $27.21 vs. the 52-week trading range of $10.11 to $47.80.Seeking Alpha Contributor Chetan Woodun recommended LAZR in August when it traded at $17.54.
  • Read: Luminar Technologies, Inc. 2021 Q2 - Results - Earnings Call Presentation

    • seekingalpha.com
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