In recent years, the advent of artificial intelligence (AI) has revolutionized numerous sectors in the global marketplace, with the emergence of companies that utilize AI technology gaining unprecedented momentum. One such stealth AI company that shows significant potential for exponential growth is MicroVision (MVIS), a leading name in the Lidar and MicroVision technology industry.
Micro Vision, a decade-old name, is a pioneer in developing lidar technologies. Lidar, an acronym for light detection and ranging, is a popular remote sensing method used for measuring the precise distance of an object on the earth’s surface. The technology has ample growth potential in various sectors such as autonomous driving, industrial automation, 3D perception, and augmented reality. Lidar technology’s demand surge contributes significantly to MicroVision’s potential for climbing up the investment charts.
MicroVision’s eye-safe Lidar Sensor is a technologically advanced device with high-resolution 3D data, offering superior resolution and an impressive range of up to 250 meters, setting it ahead of the competition. This feature makes it even more essential in the world of autonomous driving, where an extra fraction of a second can significantly impact the safety of passengers.
Moreover, the company has been fortifying its technological infrastructure relentlessly by investing in research and development since its early days. This commitment to innovation has resulted in the creation of the PicoP® Scanning Technology. This technology is an ultra-miniature sensing and laser projection solution based on the laser beam scanning methodology.
With the advent and expansion of electric vehicles and autonomous driving, MicroVision’s prospects see a rise. The company recently declared that it has made significant progress in developing its Long-Range Lidar (LRL) Sensor and expects samples available to its potential customers by April 2022, pushing ahead in the race of autonomous driving companies.
MicroVision’s key perspective is the potential sale of the firm or its parts, which has been in recent market speculations. The possible merger, acquisition, or partnership leads to further speculation about the potential financial boom for the current shareholders of the company.
On the market front, MicroVision has witnessed a noteworthy price action, with its stock spiking from $2.49 in January 2021 to mid $20s currently, presenting a massive gain for strategic market players. Though the stock has seen significant volatility, the company’s long-term potential remains solid.
The recent deal between Microsoft and the United States Army, where the former will deliver 120,000 augmented reality (AR) headsets based on its HoloLens technology, indirectly benefits MicroVision. MicroVision’s technology forms an integral part of Microsoft’s AR products, strengthening its market stance and financial outlook for the future.
Ultimately, it is undeniable that MicroVision has etched a niche for itself in the AI industry and established a solid foundation for future growth. The Lidar technology industry’s unprecedented expansion, coupled with MicroVision’s technological advancements and its potential strategic market moves, does indeed make it a potential stealth AI stock ready to explode higher. In the volatile market scenario, the opportunity MicroVision presents is indeed noteworthy and should be on the radar of astute investors.