You know the saying – when life gives you lemons, make lemonade, but when the market hands you a dip, you dip buy. I have a proposal that may change your portfolio as well as your perspective on tech investments. Let's talk about LiDAR!
LiDAR (Light Detection and Ranging) has been lighting up our world quite literally with its technology. If you're not familiar, it's a method used to measure the distance of an object on the earth's surface and is currently a game-changer in the autonomous vehicles (AV) industry.
You might remember a company named Velodyne Lidar, the one that grabbed headlines earlier and is listed on NASDAQ under the ticker VLDR. They are a key player in the LiDAR field and provide powerful solutions for AVs, driver assistance, delivery solutions, robotics, navigation, mapping, and much more. While they had some hiccups along the way (a 40% stock decline YTD due to some corporate issues and general market conditions), things are looking up with their recent developments including the unveiling of a new sensor, H800, designed for mass-market adoption at a reasonable cost.
Velodyne isn't the only contender, however. Remember MVIS (MicroVision)? They have been working on LiDAR tech for 20 years and have a robust patent portfolio. With an AR vertical and an autonomous driving vertical, they've been the key creator behind the chip that powers Microsoft's Hololense 2. Talk about futuristic tech! Their stock has also been on an upward trend lately.
While these companies are playing a significant role, there are still plenty of opportunities for investors to capitalize on this burgeoning field. One way to do that is by investing in undervalued companies like MVIS that are poised to grow significantly over the coming years.
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