Stock Track | Ouster Inc. Soars 8.71% Intraday on Rev8 Lidar Launch and NVIDIA Platform Qualification

Stock Track05-13 21:41

Ouster Inc.'s stock surged 8.71% during intraday trading on Wednesday, marking a significant upward movement for the lidar technology company.

The sharp increase appears to be driven by the company's recent launch of its Rev8 OS digital lidar family and its qualification for NVIDIA's DRIVE Hyperion and Jetson platforms. This development positions Ouster's native color sensors and software stack directly in front of level 4 autonomy developers, potentially opening up significant market opportunities.

Additionally, a popular valuation narrative suggests Ouster's stock may be approximately 31.7% undervalued, with a fair value estimate of $39.67 per share compared to its recent closing price. The company is also tapping into the growing Intelligent Transportation Systems market with its Blue City traffic management solution, which could drive future revenue growth as deployments expand globally.

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