Latest news with #DRIVEAGX
Time of India
5 days ago
- Business
- Time of India
AEye stock (LIDR) soars 54% after Nvidia partnership - is this the hottest AI stock on the market right now?
AEye, Inc. (NASDAQ: LIDR) saw a huge jump in its stock price this week — up 54%, after big news about a tech partnership with Nvidia. The reason? AEye's Apollo lidar system is now fully integrated into Nvidia's DRIVE AGX platform, which is used in smart and self-driving vehicles. This integration makes AEye a big player in the autonomous driving world, a sector many investors are watching closely. Investors got super excited — at one point during the day, AEye's stock hit $5.08, which was a 74% rise just in one day, according to the report by Shere Price Target. Explore courses from Top Institutes in Please select course: Select a Course Category Data Science Management CXO Project Management Finance MBA Healthcare Data Science Design Thinking PGDM Others Product Management healthcare Public Policy Cybersecurity Data Analytics others Technology Artificial Intelligence MCA Operations Management Digital Marketing Leadership Degree Skills you'll gain: Data Analysis & Interpretation Programming Proficiency Problem-Solving Skills Machine Learning & Artificial Intelligence Duration: 24 Months Vellore Institute of Technology VIT MSc in Data Science Starts on Aug 14, 2024 Get Details Skills you'll gain: Strategic Data-Analysis, including Data Mining & Preparation Predictive Modeling & Advanced Clustering Techniques Machine Learning Concepts & Regression Analysis Cutting-edge applications of AI, like NLP & Generative AI Duration: 8 Months IIM Kozhikode Professional Certificate in Data Science and Artificial Intelligence Starts on Jun 26, 2024 Get Details Overall, intraday trading pushed the stock up by more than 250%, making it one of the biggest short-term jumps in recent tech market history. This jump came after a long period where AEye was underperforming and people were unsure about its future, as per the reports. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Many Are Watching Tariffs - Few Are Watching What Nvidia Just Launched Seeking Alpha Read More Undo ALSO READ: AEye stock skyrockets 255% after game-changing Nvidia deal stuns Wall Street Why this Nvidia deal is a big deal Nvidia's DRIVE AGX platform is widely used by carmakers building self-driving cars, so getting on that system gives AEye huge exposure. AEye's Apollo system offers a 1-kilometer detection range, which is very advanced for lidar, and can receive over-the-air software updates, meaning it can improve without changing hardware, according to the report by Shere Price Target. Live Events CEO Matt Fisch said this move shows the world that AEye's tech works well and is ready for big markets. He also said that Apollo's compact design and flexible system help automakers make updates without changing the car's hardware — a major need in today's smart car designs. But it's not all perfect yet Even though the stock is up, analysts say investors should still be careful, as AEye is still losing money and hasn't shown consistent revenue growth. But being part of Nvidia's ecosystem adds credibility and could attract new business, especially as the industry moves toward fully autonomous vehicles, as stated by the report by Shere Price Target. ALSO READ: It vanished for 8 years, now this iconic app is coming back with a new feature, courtesy - Elon Musk What's coming next for AEye? AEye's next earnings call is on July 31, and investors are waiting for updates on: The Nvidia partnership progress New product news, especially the OPTIS suite, which targets smart transport and security markets For now, AEye is getting a lot of attention, and many wonder — could this be the next big AI stock? FAQs Q1. Why did AEye (LIDR) stock go up so much? AEye stock jumped after its Apollo lidar system got integrated into Nvidia's DRIVE AGX platform for self-driving cars. Q2. Is AEye a good AI stock to buy now? AEye gained attention after partnering with Nvidia, but analysts say it still needs steady growth before it's a strong long-term investment.
Yahoo
5 days ago
- Business
- Yahoo
This Self-Driving Car Stock Is Surging on a Major Nvidia Boost
Aeye (LIDR) shares closed sharply higher on Thursday after the lidar system specialist announced a significant collaboration with the AI darling Nvidia (NVDA). According to the company's press release, its flagship Apollo lidar 'has been fully integrated by Nvidia into their DRIVE AGX platform,' which is integral to its autonomous vehicle ecosystem. More News from Barchart NVDA Broken Wing Butterfly Trade Targets A Profit Zone Between 150 and 160 Is Opendoor Stock a Buy at New 52-Week Highs? Can Lucid Motors Stock Hit $7 in 2025? Markets move fast. Keep up by reading our FREE midday Barchart Brief newsletter for exclusive charts, analysis, and headlines. At one point today, Aeye stock was seen trading at more than 9x its price set in the first week of April. Significance of Nvidia Collaboration for Aeye Stock The Nvidia collaboration could prove pivotal for LIDR shares as it positions the company as a credible player in a highly competitive lidar market, where differentiation and scalability are key. The team-up brings both technical validation and strategic visibility to Aeye among top-tier OEMs and developers. More importantly, it could unlock substantial commercial opportunities for the Nasdaq-listed firm, especially as NVDA's platform scales across global automakers. Nvidia's mark of confidence also signals Aeye's software-defined architecture is compatible with industry-leading artificial intelligence systems, enhancing its appeal for future deployments. In short, for investors, today's announcement means potential revenue acceleration, improved market positioning, and a stronger narrative around LIDR's long-term viability in autonomous tech – which is why Aeye stock experienced an explosive move to the upside on Thursday. Why LIDR Shares Remain Unattractive to Own Despite the major NVDA boost, investors are recommended approaching Aeye with caution, primarily because it's a penny stock. Penny stocks are widely known for low liquidity and high volatility, which make them susceptible to speculative spikes and potential manipulation. Despite today's surge, Aeye has a small market cap and limited institutional ownership, which can amplify price swings. Therefore, while the Nvidia news is promising, without clear revenue impact or sustained commercial traction, the LIDR share price rally may prove short-lived. Simply put, Aeye stock runs the risk of reversing gains just as quickly once the hype fades. Wall Street Rates Aeye at 'Hold' Only Investors should tread with caution on Aeye shares also because Wall Street analysts warn of a massive decline in them ahead. According to Barchart, the one analyst in coverage has issued a 'Hold' rating only with a target of $1 indicating potential downside of about 65% from current levels. On the date of publication, Wajeeh Khan did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Time of India
6 days ago
- Automotive
- Time of India
AEye stock skyrockets 255% after game-changing Nvidia deal stuns Wall Street
AEye's stock shot up 151.33% during pre-market trading on July 24, 2025 — a massive jump that caught everyone's attention, according to Market data. Later that day, the stock skyrocketed a total of 255%, making it one of the biggest one-day gains seen this year on 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. Explore courses from Top Institutes in Please select course: Select a Course Category PGDM Public Policy MCA Project Management Others Cybersecurity Finance Technology Management Digital Marketing others Data Science Operations Management Leadership Data Analytics Healthcare Artificial Intelligence Design Thinking Product Management Degree CXO Data Science MBA healthcare Skills you'll gain: Financial Analysis & Decision Making Quantitative & Analytical Skills Organizational Management & Leadership Innovation & Entrepreneurship Duration: 24 Months IMI Delhi Post Graduate Diploma in Management (Online) Starts on Sep 1, 2024 Get Details ALSO READ: Tom Lee says Apple is ready to pounce on AI - and Wall Street has no idea what's coming by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Made in Italy from start to finish. Velasca Undo 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. Live Events 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. ALSO READ: Shaken by ChatGPT? Google's search share falls below 90% for the first time in a decade 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.
Business Wire
6 days ago
- Automotive
- Business Wire
Apollo Now Fully Integrated into NVIDIA's Autonomous Driving Platform, Paving the Way for Significant Growth
PLEASANTON, Calif.--(BUSINESS WIRE)--AEye, Inc. (Nasdaq: LIDR), a pioneer in high-performance lidar technology, announced today that its flagship Apollo lidar has been fully integrated by NVIDIA into their DRIVE AGX platform, a critical part of NVIDIA's highly touted autonomous vehicle ecosystem. NVIDIA's designation gives AEye direct access to a global network of top-tier automakers who are currently working with NVIDIA to implement self-driving and next-generation driver assistance technologies. It's a major step toward getting AEye's technology into millions of passenger vehicles in the coming years. AEye CEO Matt Fisch commented, '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. Apollo's industry-leading 1-kilometer range and compact form factor make it a standout solution across every market we serve. Now that Apollo is a part of the NVIDIA DRIVE ecosystem, we have a powerful channel to scale commercially across the automotive industry.' He added, 'AEye's lidar is software-defined, meaning it can be updated and improved over time without replacing the hardware. This feature fits perfectly into how vehicles are being built today: smarter, more connected, and designed to evolve over the life of the car. Our integration with NVIDIA DRIVE AGX positions AEye as a key player in the future of global mobility. I expect to provide more details on our earnings call scheduled for July 31. Moreover, in the coming days, we plan to share more about our newest offering, OPTIS – a complete physical AI solution designed to address the future of smart transportation, safety, and security beyond automotive.' About Apollo Apollo is the first product in AEye's 4Sight™ Flex next-generation family of lidar sensors and delivers best-in-class range and resolution in a small, power-efficient, low-cost form factor. Apollo supports options for integration behind the windshield, on the roof, or in the grille, which enables OEMs to implement critical safety features with minimal impact to vehicle design. Apollo is believed to be the only 1550 nm high-performance lidar capable of behind the windshield integration and capable of detecting vehicles and other objects at distances beyond one kilometer. About AEye AEye's unique software-defined lidar solution enables advanced driver-assistance, vehicle autonomy, smart infrastructure, and logistics applications that save lives and propel the future of transportation and mobility. AEye's 4Sight™ Intelligent Sensing Platform, with its adaptive sensor-based operating system, focuses on what matters most: delivering faster, more accurate, and reliable information. AEye's 4Sight™ products, built on this platform, are ideal for dynamic applications which require precise measurement imaging to ensure safety and performance. Forward-Looking Statements Certain statements included in this press release that are not historical facts are forward-looking statements within the meaning of the federal securities laws, including the safe harbor provisions under the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements are sometimes accompanied by words such as 'believe,' 'continue,' 'project,' 'expect,' 'anticipate,' 'estimate,' 'intend,' 'strategy,' 'future,' 'opportunity,' 'predict,' 'plan,' 'may,' 'should,' 'will,' 'would,' 'potential,' 'seem,' 'seek,' 'outlook,' and similar expressions that predict or indicate future events or trends, or that are not statements of historical matters. Forward-looking statements are predictions, projections, and other statements about future events that are based on current expectations and assumptions and, as a result, are subject to risks and uncertainties. Forward-looking statements in this press release include, without limitation, statements about the potential benefits to AEye of the integration of Apollo into the NVIDIA DRIVE AGX platform, including AEye's access to top-tier automakers and a channel to scale commercially across the automotive industry, among others. These statements are based on various assumptions, whether or not identified in this press release. These forward-looking statements are provided for illustrative purposes only and are not intended to serve as and must not be relied on by an investor as a guarantee, an assurance, a prediction, or a definitive statement of fact or probability. Actual events and circumstances are very difficult or impossible to predict and will differ from the assumptions. Many actual events and circumstances are beyond the control of AEye. Many factors could cause actual future events to differ from the forward-looking statements in this press release, including but not limited to: (i) the risks that automakers may not work with NVIDIA to implement self-driving or next-generation driver assistance technologies to the extent anticipated, or at all; (ii) the risks that AEye's technology may not be integrated into passenger vehicles to the extent or in the time frame anticipated, or at all; (iii) the risks that the NVIDIA DRIVE ecosystem may not provide a powerful channel to scale commercially across the automotive industry to the extent anticipated, or at all; (iv) the risks that our integration with NVIDIA DRIVE AGX may not position AEye as a key player in the future of global mobility to the extent anticipated, or at all; (v) the risks that lidar adoption may occur slower than anticipated or fail to occur at all; (vi) the risks that AEye's products may not meet the diverse range of performance and functional requirements of target markets and customers; (vii) the risks that AEye's products may not function as anticipated by AEye, or by target markets and customers; (viii) the risks that AEye may not be in a position to adequately or timely address either the near or long-term opportunities that may or may not exist in the evolving autonomous transportation industry; (ix) the risks that laws and regulations are adopted impacting the use of lidar that AEye is unable to comply with, in whole or in part; (x) the risks associated with changes in competitive and regulated industries in which AEye operates, variations in operating performance across competitors, and changes in laws and regulations affecting AEye's business; (xi) the risks that AEye is unable to adequately implement its business plans, forecasts, and other expectations, and identify and realize additional opportunities; and (xii) the risks of economic downturns and a changing regulatory landscape in the highly competitive and evolving industry in which AEye operates. These risks and uncertainties may be amplified by current or future global conflicts and current and potential trade restrictions, trade tensions, and tariffs, all of which continue to cause economic uncertainty. You should carefully consider the foregoing factors and the other risks and uncertainties described in the 'Risk Factors' section of the periodic report that AEye has most recently filed with the U.S. Securities and Exchange Commission, or the SEC, and other documents filed by us or that will be filed by us from time to time with the SEC. These filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. Forward-looking statements speak only as of the date they are made. Investors are cautioned not to put undue reliance on forward-looking statements; AEye assumes no obligation and does not intend to update or revise these forward-looking statements, whether as a result of new information, future events, or otherwise. AEye gives no assurance that AEye will achieve any of its expectations.
CNBC
02-07-2025
- Automotive
- CNBC
Bank of America says autonomous cars are having their 'ChatGPT' moment. How to play it
The "ChatGPT moment" for autonomous vehicles has finally arrived, according to Bank of America, which sees a trillion-dollar market for the space. The firm detailed a list of stocks to invest in the theme. In a Tuesday report, Bank of America identified more than 200 operational autonomous vehicle projects globally. Fully commercial robotaxis are running in seven cities — including Waymo in Austin , San Francisco and Los Angeles, and Baidu's Apollo Go in Wuhan, China — and 20 more are in progress, according to the firm. "Autonomous vehicles (AVs) are having their ChatGPT moment and are no longer a moonshot," strategist Martyn Briggs said in a note to clients. "The main 'drivers' are breakthroughs in [artificial intelligence] and compute, as well as falling sensor costs, enabling rapid commercial deployment," he said. "On top come an increasingly favourable regulatory backdrop and a US-China 'car race.'" Briggs estimated that cars represent the largest addressable robotaxi market, worth $700 billion by 2040. However, the total market rises to $1.2 trillion by the same year when accounting for trucks, freight, logistics, public transport and agriculture. Stocks behind the brains and bodies of AVs Several companies — including rideshare platforms, original equipment makers, software developers, semiconductor companies and sensor makers — stand to benefit from the boom in autonomous vehicles. Bank of America mentioned nearly 20 beneficiaries, including Caterpillar , Uber , Amazon , Nvidia , Aptiv , Baidu and Mobileye , of the trend as commercial deployments ramp up. Nvidia is a name that's been top-of-mind for investors when it comes to AI. The company is forging a new growth runway in autonomous technology, and could be a huge player in software development for OEMs. Analyst Vivek Arya highlighted Nvidia's three-computer solution for AVs: Nvidia DGX for AI model training, its DRIVE AGX complete autonomous driving platform, and Omniverse and Cosmos platforms for physical AI applications. He rates the chip giant a buy. "Nvidia (NVDA) is a pioneer in the accelerated compute space who stands to benefit from AV adoption," Arya said. "As the automotive industry shifts towards electrification and automation, we expect the need for compute power and AI training models on the car presents an incremental opportunity for Nvidia in AVs." Arya's $180 price target on Nvidia suggests upside of 17% from Tuesday's close. Shares are up about 17% in 2025. NVDA 1Y mountain Nvidia stock performance over the past year. Caterpillar is a little-known play on autonomous tech. The company began with offering truck applications for autonomy, but now provides several solutions for mining automation — such as drills, haulers, and underground equipment, Bank of America said. The firm rates the stock a buy, but its price target suggests shares could slip 1.5% from Tuesday's close. Caterpillar is up 9% in 2025. According to analyst Michael Feniger, the company's "formula for success in autonomy" includes its scalable platform on autonomous fleets, as well as its ability to retrofit equipment and fulfill demand for new trucks. Feniger added that Caterpillar receives revenue from its autonomous business through its hardware applications (radar and sensors) and software fees at implementation. "Autonomous implementation likely means fewer trucks operating at higher utilization driving greater parts and service opportunity," he said. Rideshare company Uber is set to benefit from its partnerships with more AV companies, according to Bank of America. "The value of Uber's capability as an AV network partner, fleet operator, and demand generation service for AV providers is supported by a growing number of AV partners (now with 18 partners across AV industry globally, including Waymo in the US)," analyst Justin Post said. "We think over 50% of Uber's value is from mobility, and AV execution will be a key driver for the stock." He rates Uber as a buy. The firm's price target of $97 calls for more than 5% upside from Tuesday's close. Shares of Uber have rallied 52% year to date.
