© Reuters. MicroVision vs. Ouster: Which Lidar Stock is Better to Buy?
Lidar sensors are a core component for autonomous vehicles. This technology has recently come to the fore as more automakers and tech companies invest in developing self-driving cars. In addition, the rapid advances in the development of these vehicles will drive lidar companies' sales in 2021 and beyond. With that in mind, let's see which is currently the better stock between MicroVision (MVIS) and Ouster (OUST). Given the massive investments this sector has attracted in recent years, investors are optimistic about autonomous driving technologies. Hence, it makes sense to look at companies that are part of this disruptive but high-growth sector.
Lidar, also known as light detection and distance measurement, is “a remote sensing method that uses light in the form of a pulsed laser to measure distances (variable distances) from the earth”.
Today I'm going to analyze two lidar stocks, MicroVision (MVIS) and Ouster (OUST), to determine which stock is now the better buy.
Read on on StockNews
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