Innoviz stock soars on partnership with Nvidia
Innoviz stock soars on partnership with Nvidia
At the heart of the collaboration is Innoviz’s perception software, which has been optimized to run seamlessly on Nvidia’s DRIVE AGX Orin platform.
Innoviz Technologies, which develops LiDAR sensors and perception software, saw its stock surge on Tuesday following the announcement of a collaboration with Nvidia. The partnership, unveiled at CES 2025, centers on integrating Innoviz’s advanced perception software with Nvidia’s DRIVE AGX Orin platform.
Innoviz shares were up 20% on Tuesday as of the time of publication, with its stock skyrocketing around 240% over the past month.
Innoviz was the first Israeli company to go public via a SPAC merger in 2021, with an initial valuation of $1.4 billion. The jump on Tuesday took the company’s market cap over $400 million for the first time in a year.
At the heart of the collaboration is Innoviz’s perception software, which has been optimized to run seamlessly on Nvidia’s DRIVE AGX Orin platform. This integration enables real-time processing of LiDAR data for advanced object detection, classification, and tracking—critical components for both advanced driver-assistance systems (ADAS) and fully autonomous vehicles.
“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,” said Omer Keilaf, CEO of Innoviz Technologies.
