8 Companies That Partnered With Nvidia (NVDA) This Month

3. Innoviz Technologies (NASDAQ:INVZ)

Innoviz stock has been struggling since its peak in 2021. A consistent downtrend since then wiped off most of the shareholder value. Things have changed in the last month though, with the stock rising 180%. The main reason behind this rise is of course the optimism surrounding autonomous driving, made possible thanks to improvements in AI technologies and accelerated computing.

Inoviz makes software for LiDAR technology that powers most of the current crop of autonomous vehicles like Google’s Waymo. Its collaboration with Nvidia announced at the CES 2025, involves Nvidia’s Drive AGX Orin supercomputer. The company will leverage this hardware to improve its software features. This is effectively what most other companies are trying to do, accelerating the development of their technology using Nvidia’s hardware.

This is how the company put it through its press release:

The collaboration with NVIDIA represents a major leap forward in the industry’s shift toward high-performance, AI-enabled perception systems. Innoviz’s perception software, optimized to run with the NVIDIA DRIVE Orin platform, allows for real-time processing and advanced understanding of the vehicle’s environment, enabling exceptional object detection, classification, and tracking capabilities.

It may still not be too late to take a position in the stock considering how badly beaten it was prior to its recent run.