This Lidar Stock Is Surging While Tesla Looks To Build Self-Driving Data Center In China
Autonomous vehicle technology stock Ouster jumped Friday, adding to its 13% rally since reporting first-quarter results last week. The company specializes in sensing equipment called Lidar — for light detection and ranging — a key enabler for autonomous vehicle systems, as AI and autonomous driving vehicles have recently dominated headlines. Ouster stock gained 11%, hitting an intraday high of 14.15, during market action Friday in above-than-average volume.
