$NVIDIA (NVDA.US)$ stock has climbed more than 125% this yea...

$NVIDIA(NVDA.US)$ stock has climbed more than 125% this year. While it’s not the only driver for the stock, its role in the lidar industry has played a key part in its continued success. Thankfully, for those interested in lidar stocks, a recent move by Nvidia shows that things are starting to heat up again for the industry.

With this latest announcement, Nvidia now has six lidar sensor vendors — including Baraja, Hesai Technology, Innoviz ( $Innoviz Technologies(INVZ.US)$ ), Magna ( $Magna International(MGA.US)$ ) and Ouster ( $Ouster(OUST.US)$ ) — all developing lidar sensors to run on the Drive platform. Microvision’s ( $Microvision(MVIS.US)$ ) A-Sample lidar is also rumored to have an Nvidia chip inside — although there has been no confirmation by either company.