MicroVision (NASDAQ:MVIS) stock had a brief uptick before going down on Monday after the company announced that its MOVIA lidar system is now officially supported on the NVIDIA Corp (NASDAQ:NVDA) DRIVE AGX platform, a key development aimed at accelerating the adoption of its perception-enhanced lidar technology within the autonomous driving market.
MicroVision generates most of its revenue by developing and licensing its laser beam scanning (LBS) technology, targeting automotive and industrial lidar applications. The company also earns income from selling augmented reality (AR) and consumer lidar modules.
