With significant progress in 2021, the company looks to maintain market control. So far, Luminar is making a name for itself in the AV market. LAZR Stock Forecast – What to Expect Next The news excited investors as shares of LAZR stock jumped over 30% after the event. With the AV market expecting to grow over 22% annually in the next few years, this can be a great partnership for Luminar. “The common thread between our two companies is that our technologies are becoming the de facto solution for major automakers to enable next-generation safety and autonomy.” CEO Austin Russell praised the deal saying: The partnership offers automakers a complete experience with Luminar’s sensors and Nvidia’s software. The platform will use one long-range Luminar Iris lidar in its highway driving mode. In other LAZR stock news, the company is being chosen by Nvidia (Nasdaq: NVDA) to power its Drive Hyperion AV platform.
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