Luminar Technologies, Inc. - the company operates in two segments: developing sensors and software for cars and commercial trucks, and creating integrated circuits for government agencies and defense contractors. In the first segment, the company develops, manufactures and sells lidar sensors and related software for use in driver assistance systems, building autonomous driving systems. Founded in 2012 Headquartered in Orlando, Florida. Revenue $ 8 million (III quarter of 2021). Capitalization $ 5.25 billion
Luminar announced at the November 9 NVIDIA GPU Technology Conference (GTC) that it has been selected as the supplier of lidars for NVIDIA's AI-powered autonomous driving system. The DRIVE Hyperion AI vehicle platform is slated to launch in 2024.
Stocks reacted with growth of 20% (during the session, the growth reached 40%).
Lidar (laser radar) is considered by most automakers to be one of the key technologies for self-driving. With Luminar technology, Nvidia has everything it needs to build a system: sensors, computing hardware, and software.
However, Tesla has abandoned the use of lidar in its system; at Elon Musk's company, the autonomous driving system is built on cameras and a radar, the focus is on computer vision. And lidar, as the founder of the company said, is a waste of time and everyone who rely on it is doomed and that expensive sensors are not needed.
Investors do not yet have much faith in the future of technology either.
The partnership with one of the world's leading computational developers holds great promise for Luminar, as the autonomous driving market will reach hundreds of billions of dollars in the future.
Given a modest capitalization of $ 5.25 billion, Luminar shares have every chance of showing multiple growth over 5-10 years if Nvidia's platform succeeds with Luminar technology on board.
According to the results of the III quarter. revenue increased by 89% year-on-year to $ 8 million against the forecast of $ 8.89 million. Total operating expenses more than tripled YoY to $ 67.4 million.
Wall Street analysts are cautiously optimistic about the $ LAZR stock, with a Moderate Buy consensus. Average target price - $ 26 (upside 80%).
🔧 Trade to bounce off the support level ($ 14).
The instrument approached a strong support level at the daily and weekly TF.
1) Approaching the level through a deep retracement from the moment of the previous touch.
2) Buyback from the level, closing the instrument not under LOW.
3) Approach with a long candle.
4) No recoil fall> 35%.
I expect a rebound from the level and the formation of a local rebound.
Long from $ 14.25-14.5
Goal 1: $ 15.9
Goal 2: $ 16.9
Stop below $ 14
NOT IRR.
Luminar announced at the November 9 NVIDIA GPU Technology Conference (GTC) that it has been selected as the supplier of lidars for NVIDIA's AI-powered autonomous driving system. The DRIVE Hyperion AI vehicle platform is slated to launch in 2024.
Stocks reacted with growth of 20% (during the session, the growth reached 40%).
Lidar (laser radar) is considered by most automakers to be one of the key technologies for self-driving. With Luminar technology, Nvidia has everything it needs to build a system: sensors, computing hardware, and software.
However, Tesla has abandoned the use of lidar in its system; at Elon Musk's company, the autonomous driving system is built on cameras and a radar, the focus is on computer vision. And lidar, as the founder of the company said, is a waste of time and everyone who rely on it is doomed and that expensive sensors are not needed.
Investors do not yet have much faith in the future of technology either.
The partnership with one of the world's leading computational developers holds great promise for Luminar, as the autonomous driving market will reach hundreds of billions of dollars in the future.
Given a modest capitalization of $ 5.25 billion, Luminar shares have every chance of showing multiple growth over 5-10 years if Nvidia's platform succeeds with Luminar technology on board.
According to the results of the III quarter. revenue increased by 89% year-on-year to $ 8 million against the forecast of $ 8.89 million. Total operating expenses more than tripled YoY to $ 67.4 million.
Wall Street analysts are cautiously optimistic about the $ LAZR stock, with a Moderate Buy consensus. Average target price - $ 26 (upside 80%).
🔧 Trade to bounce off the support level ($ 14).
The instrument approached a strong support level at the daily and weekly TF.
1) Approaching the level through a deep retracement from the moment of the previous touch.
2) Buyback from the level, closing the instrument not under LOW.
3) Approach with a long candle.
4) No recoil fall> 35%.
I expect a rebound from the level and the formation of a local rebound.
Long from $ 14.25-14.5
Goal 1: $ 15.9
Goal 2: $ 16.9
Stop below $ 14
NOT IRR.