Which Lidar Stock is a Better Buy? By StockNews

<iframe src=”//rcm-na.amazon-adsystem.com/e/cm?o=1&p=22&l=ur1&category=homegarden&banner=02NMTC702K4D0VHE1SR2&f=ifr&linkID=17e0b4ac3a719000706e772761d8ae0e&t=forexz-20&tracking_id=forexz-20″ width=”250″ height=”250″ scrolling=”no” border=”0″ marginwidth=”0″ style=”border:none;” frameborder=”0″></iframe>

© Reuters. MicroVision vs. Luminar Technologies: Which Lidar Stock is a Better Buy?

MicroVision (MVIS) and Luminar Technologies (LAZR) are two companies that are targeting the nascent but highly disruptive Lidar sector. The stocks of both these companies are trading at steep valuations, but one of them has more visibility than the other. So, let’s evaluate them both to see which is the better buy now. Read on.Over the last 15 months, electric vehicle (EV) stocks have gained popularity. While the shift towards clean energy solutions is expected to gain pace over the coming decade, many EV companies, including Tesla (NASDAQ:), have been pumping in billions of dollars to develop self-driving technologies.

Even as EV production is on the rise, investors should also brace for a similar explosion in the autonomous vehicle (AV) space driven by breakthroughs in artificial intelligence, automation, robotics, and light detection and ranging (or Lidar) tech. Here, we look at two such companies, MicroVision (MVIS) and Luminar Technologies (LAZR), that are positioning themselves to be long-term winners in the Lidar and AV driving space. But which of these two companies is the better investment bet now? Let’s look.

Lidar is a method for determining variable distance by targeting an object with a laser and measuring the time for the reflected light to return to the receiver.

Continue reading on StockNews

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Be the first to comment

Leave a Reply

Your email address will not be published.