Luminar Technologies: One To Remember

Summary

  • A huge announcement this month with NVIDIA to build the NVIDIA Drive Hyperion for 2024 models.
  • They debuted their Proactive Safety software, new top vehicle integration partnerships, had two solid trucking wins, and closed on the acquisition of a key supplier.
  • Quarter was overall a slight miss but guidance was maintained.
  • Update to the production of its Iris sensor.
  • Looking for a helping hand in the market? Members of BAD BEAT Investing get exclusive ideas and guidance to navigate any climate. Learn More »

Top view of self-driving SUV on the road with sensing graphic pattern retouched

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We recently put an alert out to trade Luminar Technologies (NASDAQ:LAZR) in the low $20s following its recent news with NVIDIA (NVDA), which was in our opinion a short-term culmination of a

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Analyst’s Disclosure:I/we have a beneficial long position in the shares of LAZR either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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