Why Is AEye (LIDR) Stock Up 38% Today?
LIDRAEYE(LIDR) InvestorPlace·2024-05-10 20:17

AEye (NASDAQ:LIDR) stock is taking off on Friday after the lidar systems company announced a new partnership with LiteOn Technology Corporation.This is a follow-up to the company’s non-binding Letter of Intent that was announced in March. LiteOn Technology Corporation is the company that was talked about in that announcement but wasn’t named until now.According to AEye, this partnership with LiteOn Technology Corporation secures it a channel and industrialization partner. This will see the two companies wor ...