MicroVision (MVIS) Stock Might See Another Round of Rally

MicroVision (NASDAQ:MVIS), which has become quite well known as a provider of lidar self-driving car tech, has seen its stock go on a pretty volatile run in recent times.

MicroVision (MVIS) Stock Might See Another Round of Rally

Although it is true that its technology may have garnered interest among many investors, it is also true that much of the rally had been sparked by retail investors from the famed Reddit community WallStreetBets. The actions of the Reddit investors have been one of the major reasons behind the rally in the stock.

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There was a remarkable rally in the stock back in April that saw the MicroVision stock hitting more than $25 a share. However, it has since dipped considerably and gone down by as much as 50%. In this situation, it should be noted that although there is no proof of success yet, the company is working in a potentially fast-growing industry. However, at this point, investors might do well to sit on the sidelines.

Uson Abdilazhanov

Editor and Computer Expert 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.