Lidar company luminar stock11/2/2023 Notably, Magna was awarded a patent which references MicroHUD technology. In particular, there’s an interesting trail of activity at two companies which have MVIS ties: Magna and Sharp-Foxconn. There’s speculation that the company could be getting closer to a win for its MicroHU D system for windshield displays in vehicles, AR and even surgical applications. That said, chatter from the show centered around its custom ASICs, small form relative to competitors and immunity to bright sunlight (a common problem for lidars).Īs frequent InvestorPlace readers know, I like MVIS stock because it’s both a lidar and augmented reality (AR) play. And despite several invitations to host the company for a Fireside Chat with InvestorPlace readers, Microvision seems to prefer secrecy for now. Most vendors cherry-pick their best technology features. There isn’t really any uniform, independent testing. There aren’t uniform specs for “apples-to-apples” comparisons. Yet, when it comes to differentiating performance, investors won’t find easy answers. Microvision has claimed its technology is best-in-class. The company also showed several live demos and track testing pictures at IAA. Read on for an IAA update from three of my favorite lidar stocks at the show.įollowing up the release of its A-sample hardware in April, Microvision showcased a big reveal of its family of sensors. Even for lidar evangelists, getting to the bottom of which company is best positioned requires sorting through an acronym soup - everything from arrays, to MEMs (micro-electro-mechanical systems) and FMCW (frequency-modulated continuous wave) technologies.īut here’s a place to start. Lidar is no different almost every company boasts the competitive advantages of its unique architecture. Like all things tech, there are usually several different ways to skin a cat. So, who’s really got the lead on high performance lidar that’s ready for automotive grade series production? Well, the answer isn’t obvious. My take? The recent pullback in lidar stocks provides an excellent opportunity for patient technology investors willing to do some diligence. For example, check out the bidding war between Magna (NYSE: MGA) and Qualcomm (NASDAQ: QCOM) for ADAS software-maker Veoneer (NYSE: VNE). After all, the long-term push toward autonomy and intelligent automotive safety features is clear. But like many tech trends early in the cycle, good things come to those who wait. Revenues and earnings are largely non-existent (for now) - a combination that’s catnip for short sellers. In the meantime, every lidar company is operating at a loss while working hard to scale manufacturing. Like any technology that relies on network processing and optics, the cost of lidar sensors needs to come down before we see viable commercial adoption. In fact, the whole group is skidding, with previous high-flyers like Luminar and Innoviz down more than 50% year-to-date (YTD). If we listen to what the market’s telling us, it’s way too early for lidar stocks. But with that electric vehicle (EV) giant now reeling from a recent safety probe, lidar companies have leveraged the opportunity to show just how their tech can avoid accidents. In fact, the technology has already been chosen by almost every major car manufacturer except for one: Tesla (NASDAQ: TSLA). IAA is just the latest happening to bring lidar stocks to the forefront.Īs frequent InvestorPlace readers may know, I’m excited about lidar as a potential game-changer in advancing autonomous driving (AD) and a dvanced driver-assistance systems ( ADAS). But what’s really getting everyone’s attention is what’s developing under the hood: automotive lidar (light d etection and ranging). This year’s event showcased mobility in general, from bikes to e-scooters to three- and four-wheeled vehicles. For investors interested in all things electric, IAA - one of the first major motor industry events since the pandemic - was a coming out party and source for the latest buzz. Germany’s biggest auto show, IAA Mobility, took place last week in Munich.
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