Aeye Inc’s stock price has surged 270% after the company announced that its Apollo lidar technology is fully integrated into NVIDIA’s DRIVE AGX platform, a critical component of the autonomous vehicle ecosystem. This integration gives Aeye direct access to top automakers who are implementing self-driving and advanced driver assistance technologies.
The partnership is seen as a significant milestone for Aeye, which aims to deploy its lidar technology in passenger vehicles. CEO Matt Fisch said that the company’s certification into NVIDIA’s platform validates Apollo’s capabilities, citing its industry-leading 1-kilometer range and compact form factor.
Aeye’s software-defined lidar technology allows for updates and improvements without hardware replacement, aligning with the trend towards smarter, more connected vehicles. The company plans to provide additional details during its upcoming earnings call on July 31.
Additionally, Aeye has hinted at its new offering, OPTIS, which is a complete physical AI solution for smart transportation, safety, and security applications beyond automotive.
Source: https://www.investing.com/news/stock-market-news/aeye-stock-soars-after-nvidia-integrates-apollo-lidar-into-drive-agx-platform-93CH-4150943