Innoviz Technologies Ltd (NASDAQ:INVZ) shares are surging Tuesday after the company announced plans to showcase its perception software at CES 2025, demonstrating how it runs on Nvidia Corp's (NASDAQ:NVDA) Drive Orin platform.
What To Know: Innoviz announced Tuesday morning that it will showcase its latest technological advancements at CES 2025. The lidar sensor and perception software company said it will demonstrate how its software runs seamlessly on the Nvidia Drive AGX Orin platform, helping to accelerate autonomous driving applications.
Innoviz said it will show how its perception software allows for real-time processing and advanced understanding of a vehicle's environment, enabling exceptional object detection, classification and tracking capabilities. The company noted that its collaboration with Nvidia is expected to improve safety and performance across autonomous driving.
"At Innoviz, we are 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".
Innoviz recently said it will provide information regarding its 2025 outlook on its fourth-quarter 2024 earnings call. The company is not due to report its quarterly earnings until sometime in February. Analysts currently expect the company to report a loss of 14 cents per share and revenue of $5.86 million, according to estimates from Benzinga Pro.
How To Buy INVZ Stock
By now you're likely curious about how to participate in the market for Innoviz Technologies (NASDAQ:INVZ) – be it to purchase shares, or even attempt to bet against the company.
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INVZ Price Action: Innoviz shares were up 17.6% at $2.34 at the time of publication, according to Benzinga Pro.
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