Light detection and ranging (LiDAR) sensors developer Aeva Technologies (NYSE: AEVA) saw its stock mount a recovery on Wednesday after it had fallen considerably in recent times.
After having hits its highest level in 52 weeks, the Aeva stock went down by as deep as 50%. The stock had gone public earlier this month on March 15 through a SPAC (special purpose acquisition company) merger with InterPrivate Acquisition. The company’s technology LiDAR is primarily meant for self-driving vehicles but it could also be applicable to other forms of consumer electronics products.
It should be noted that although there are plenty of companies which are involved in the LiDAR space, Aeva is distinctly separate from most of its peer due to its work. Aeva is the first company to have developed 4D LiDAR Technology on a semiconductor. On the other hand, the two founders of the company are former Apple Inc executives and that is another factor that ought to be kept in mind when gauging the company’s prospects.
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A hardcore tech enthusiast and computer expert Uson Abdilazhanov who holds a degree in communications started writing in his personal blogs since 2012. That time he was interested in the technical part of the computer. But now the software aspect plays an important role in his career. Currently, he runs a PC building and repairing shop which helps a lot of designers and gamers who always like to try new things.