© Reuters. MicroVision vs. Luminar Technologies: Which Lidar Stock is a Better Buy?
MicroVision (MVIS) and Luminar Technologies (LAZR) are two companies targeting the emerging but highly disruptive lidar sector. The stocks of these two companies trade at high valuations, but one of them is more visible than the other. Let’s evaluate both of them to see which buy is the better now. Continue reading. In the past 15 months, electric vehicle (EV) stocks have grown in popularity. While the move to clean energy solutions is expected to gain momentum over the next decade, many EV companies, including Tesla (NASDAQ :), have invested billions of dollars in developing self-driving technologies.
Even if electric vehicle production increases, investors should expect a similar explosion in the autonomous vehicle (AV) space caused by breakthroughs in artificial intelligence, automation, robotics, and light detection and ranging (or lidar). Here we’re looking at two such companies, MicroVision (MVIS) and Luminar Technologies (LAZR), which are positioning themselves as long-term winners in the lidar and AV space. But which of these two companies is now the better investment bet? We will see.
Lidar is a method of determining variable distance by aiming a laser at an object and measuring the time it takes for the reflected light to return to the receiver.
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