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Wajeeh Khan

Luminar Technologies Stock Has Become a Meme. Should You Buy LAZR Shares Here?

LAZR Luminar Luminar Technologies Volvo

Luminar Technologies (LAZR) shares more than doubled on Friday even though the sensor maker filed for Chapter 11 bankruptcy after losing a key contract with the European automaker Volvo. 

As part of the restructuring, LAZR has agreed to sell its semiconductor business to Hoboken-based Quantum Computing (QUBT) for about $110 million in cash. 

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