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Investing.com -- Aeye Inc (NASDAQ:LIDR) stock surged 270% after announcing that its flagship Apollo lidar has been fully integrated into NVIDIA (NASDAQ:NVDA)’s DRIVE AGX platform, a critical component of NVIDIA’s autonomous vehicle ecosystem.
The integration gives Aeye direct access to NVIDIA’s network of top-tier automakers who are implementing self-driving and advanced driver assistance technologies. This represents a significant milestone for the company in its efforts to deploy its lidar technology in passenger vehicles.
"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," said Aeye CEO Matt Fisch. "Apollo’s industry-leading 1-kilometer range and compact form factor make it a standout solution across every market we serve."
The company’s lidar technology is software-defined, allowing for updates and improvements without hardware replacement, aligning with the trend toward smarter, more connected vehicles designed to evolve throughout their lifecycle.
Aeye plans to provide additional details during its upcoming earnings call scheduled for July 31. The company also indicated it will soon share information about its newest offering, OPTIS, described as a complete physical AI solution for smart transportation, safety, and security applications beyond automotive.
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