AEye stock skyrockets 255% after game-changing Nvidia deal stuns Wall Street
AEye is a tech company that makes lidar sensors, which are used to help self-driving cars 'see' the world around them. The big reason for this huge surge? AEye announced its Apollo lidar system is now officially integrated into NVIDIA's DRIVE AGX platform — a major platform used in building self-driving vehicles, as per the AEye press release.
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AEye's tech will now be used by big car companies
This integration means AEye's tech now has direct access to top carmakers globally, through NVIDIA's large automotive network. This move is expected to speed up the use of AEye's lidar in millions of cars worldwide over the next few years.
AEye's Apollo lidar is known for its 1-kilometer range and small size, making it one of the most advanced sensors out there, says AEye CEO Matt Fisch. CEO Matt Fisch said Apollo is software-defined, which means it can be improved over time with updates — just like a smartphone gets software upgrades.
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AEye is also working on new AI technology
This also makes AEye a big player in the future of smart transportation, as cars become more digital and self-driving. AEye plans to share more info during its upcoming earnings call on July 31, according to the AEye press release.
AEye also teased a brand-new product: OPTIS, a complete physical AI system that goes beyond just cars — it could be used for safety, security, and other smart mobility areas. This launch shows AEye is not just betting on self-driving cars — it's going for the entire future of smart cities and intelligent transportation.
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FAQs
Q1. Why did AEye stock go up 255%?
AEye stock surged after it announced a major partnership with Nvidia, integrating its Apollo lidar into Nvidia's self-driving car platform.
Q2. What is AEye's deal with Nvidia about?
AEye's lidar tech will now be used in Nvidia's DRIVE AGX platform, giving it access to top global carmakers for autonomous vehicles.
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