S - Balance Sheet.csv

Luminar stock soared after the lidar startup won a deal with that could bring driverless or self-driving cars to market faster. The stock is up 19% so far today (it’s 1pm EST). Nvidia, the chip and computing giant, is developing the platform with the aim of providing it to car manufacturers to install in their consumer vehicles. The in-car solution is set to include sensors and software tools necessary for self-driving and intelligent cockpit capabilities. It is set to begin production in 2024. Nvidia will use one forward-facing, long-range Luminar Iris lidar to enable highly autonomous driving on highways. Luminar is among the biggest names in the LiDAR sector startups that are very interesting speculative companies to invest in ahead of the Autonomous car era. According to Luminar, the DRIVE Hyperion platform will employ one forward-facing long-range Luminar Iris lidar sensor in its Level 3 highway driving configuration. According to the chip giant, Luminar's automotive lidar hardware and software technology is both unique and scalable, making it a suitable complement for Nvidia's DRIVE Hyperion platform. Along with Tesla and Netflix, Nvidia really has to be included in the Western FANG pantheon of companies and stocks. So to partner with them at this scale is really huge for Luminar. Austin Russell is young and charismatic and could be the next Elon Musk, if you think about it. At one point, Luminar stock was up more than 50% to almost $27 a share in premarket trading, it certain was a pre-market mover to watch. Luminar Technologies Inc. is a developer of advanced sensor technologies for the autonomous vehicle industry. Ticker $LAZR. Nvidia’s products provide the computing power required for self-driving cars. And with Luminar’s technology, Nvidia will have a complete package for auto makers including computing hardware and sensors as well as software developed by both companies. It appears in its ability to get big partnerships $LAZR is far beyond $VLDR and other competitors. As well as $OUST and $LIDR, among others. According to the chart, the company is a buy around $15. It is currently $21. The LiDAR startups still need to correct significantly to be at or even close to intrinsic value or a fair valuation. Nvidia is a heavy-hitter. The company has a market capitalization of more than $770 billion as of Monday’s closing price of $308.10. Luminar is focused on using LiDAR technology to transform automotive safety and autonomy and appears to have a scalability that could make it one of the biggest winners in an autonomous future in the 2030s. Over the course of the last year, Luminar $LAZR is up over 100%, and it’s up 40% in the last month. The short volume has also gone down a lot, reported by the short interest API.