Innoviz Technologies Sees 50% Surge After Announcing CES 2025 Demonstrations and Collaboration with NVIDIA
Shares of Innoviz Technologies, a leading LiDAR technology firm, jumped more than 50% on Tuesday to approximately $3.14 per share after the company announced its latest technological advancements, set to be showcased at CES 2025.
The Israel-based Tier-1 supplier of high-performance, automotive-grade LiDAR sensors and perception software will demonstrate how its perception software runs seamlessly with the NVIDIA DRIVE AGX Orin platform, offering a range of software-driven features designed to accelerate autonomous driving applications. This collaboration represents a major leap forward in the industry’s shift toward high-performance, AI-enabled perception systems.
Innoviz’s perception software, optimized to run with the NVIDIA DRIVE Orin platform, allows for real-time processing and advanced understanding of the vehicle’s environment, enabling exceptional object detection, classification, and tracking capabilities. This solution is poised to improve safety and performance across autonomous driving and advanced driver-assistance systems (ADAS).
“Innoviz is relentlessly focused on pushing the boundaries of autonomous driving technology to ensure safer and more reliable systems for the future of mobility,” said Omer Keilaf, CEO of Innoviz Technologies. “By leveraging the NVIDIA DRIVE Orin platform, we will be able to offer a powerful combination of cutting-edge LiDAR sensors and perception software, enabling automakers to scale from L2+ ADAS all the way to fully autonomous vehicles.”
A Major Leap Forward in Autonomous Driving
The collaboration with NVIDIA is a significant development in the autonomous driving space, as it brings together two industry leaders to create a powerful combination of LiDAR sensors and perception software. This solution has the potential to improve safety and performance across various autonomous driving applications.
Market Reaction
Shares of Innoviz Technologies are trading at $2.30 per share in late afternoon trading on Tuesday, following an earlier surge of more than 50%. The stock’s significant price increase reflects investor enthusiasm for the company’s latest announcements and the potential impact of its technology on the autonomous driving market.
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“Big news in the autonomous driving space! Innoviz Technologies’ collaboration with NVIDIA could be a game-changer. Shares are surging 50% after CES 2025 demonstrations and announcements. Can this momentum continue? 🚀💻 #autonomousDriving #InnovizTechnologies #NVIDIA”
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Innoviz Technologies, autonomous driving, NVIDIA, LiDAR technology, perception software, CES 2025.
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