© Reuters. MicroVision vs. Ouster: Which Lidar Stock Is a Better Buy?
Lidar sensors are a core component for autonomous vehicles. This technology has been grabbing the limelight lately as more automakers and tech companies invest to develop self-driving cars. Further, the rapid advancements in the development of these vehicles will drive revenue for lidar companies higher in 2021 and beyond. Keeping this in mind, let’s see which between MicroVision (MVIS) and Ouster (OUST) is a better stock right now.Investors are bullish on autonomous driving technologies given the massive investments this sector has attracted in the past few years. So, it makes sense to look at companies part of this disruptive but high-growth sector.
Lidar, also known as light detection and ranging, is “a remote sensing method that uses light in the form of a pulsed laser to measure ranges (variable distances) to the Earth.”
Today I am going to analyze two lidar stocks, MicroVision (MVIS) and Ouster (OUST), to determine which stock is the better buy now.