We recently compiled a list of the 8 Companies That Partnered With Nvidia (NVDA) This Month. In this article, we are going to take a look at where Innoviz Technologies Ltd. (NASDAQ:INVZ) stands against the other stocks that partnered with NVIDIA this month.
Nvidia continues to be the biggest beneficiary of the rampant spending on AI infrastructure. The company’s Blackwell GPUs continue to be the most talked about technology in tech circles and that has catapulted the stock close to its all-time highs.
For many, the stock continues to be an expensive bet and at current levels, it is hard to pull the trigger and invest in the company’s stock. If you’re in the same boat and find it hard to buy a stock at its all-time highs, you may want to consider investing in companies that work with Nvidia. Nvidia’s accelerated computing technologies are powering many companies’ products, especially those related to AI and autonomy.
A fleet of autonomous vehicles driving down a sun-drenched highway.
Innoviz Technologies Ltd. (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.
Overall INVZ ranks 3rd on our list of the companies that partnered with NVIDIA this month. While we acknowledge the potential of INVZ as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns, and doing so within a shorter timeframe. If you are looking for an AI stock that is as promising as INVZ but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.
READ NEXT: $30 Trillion Opportunity: 15 Best Humanoid Robot Stocks to Buy According to Morgan Stanley and Jim Cramer Says NVIDIA ‘Has Become A Wasteland’.
Disclosure: None. This article was originally published at Insider Monkey.
