This Small Cap Soared On Conference Announcement

By: Dylan Sikes – AllPennyStocks.com News

Tuesday, January 7, 2025

A small cap based out of Illinois is making waves on Tuesday after the company announced that it will showcase its perception software at CES 2025 and demonstrate how it runs with the NVIDIA DRIVE AGX Orin platform, according to a press release.

Shares of Innoviz Technologies Ltd. (Nasdaq:INVZ) rallied strongly on the news, with the price capping at $3.14/share (+57.79%) at the session high. This move is a strong continuation of the success this stock found at the end of 2024.

Innoviz is a leading provider of high-performance, solid-state LiDAR sensors and perception software that bring vision to the automotive, drone, robotics, mapping and other industries. The company's commercially available, solid-state LiDAR sensors and perception software enable safe autonomy by bringing unparalleled optics, seamless design and cutting-edge software to market. Innoviz's LiDAR provides a comprehensive 3D image of a scene. Innoviz's offerings include InnovizOne, an automotive-grade, mass-producible LiDAR sensor, InnovizTwo, next generation high-performance automotive-grade LiDAR sensor, and Innoviz's perception software, designed to complement the company's hardware offerings with advanced AI and machine learning-based classification, detection and tracking features.

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