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Ouster Inc. (NASDAQ:OUST) shares are surging on Wednesday. This rally follows a partnership announcement on Tuesday involving NVIDIA Corp (NASDAQ:NVDA).
Nasdaq is up 1.09% and the S&P 500 has gained 0.61%.
• Ouster stock is showing exceptional strength. Why is OUST stock up today?
Nvidia Integration Drives Momentum
Ouster announced that its new Rev8 OS digital lidar sensors are now qualified for the Nvidia Drive Hyperion platform. This platform accelerates Level 4 autonomous vehicle development.
The company’s software now features optimized plugins for the Nvidia DriveWorks SDK. This allows high-density point clouds to be ingested directly into Nvidia’s hardware.
Breakthrough in Native Color Lidar
The Rev8 family introduces the world’s first native …
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