Cepton hits over 3-month high on Nvidia partnership

Cepton

21/09/2022 19:53

** Shares of Cepton Inc  CPTN.O  surge 23% to $2.2, their
highest level since June 7, as the lidar-based solutions firm
announces collaboration with Nvidia Corp  NVDA.O 
    ** Co to add a digital twin of its lidar (light detection
and ranging) models into Nvidia's DRIVE Sim platform that will
help automakers and autonomous vehicle developers accelerate
lidar deployment while minimizing real-world test driving
 urn:newsml:reuters.com:*:nBw8MZW0Za
    ** Co says simulation also helps developers integrate Cepton
lidars with other sensor modalities such as camera and radar
    ** CPTN stock down 77.04% YTD

 (Reporting by Shristi  Achar A)
 ((Shristi.AcharA@thomsonreuters.com;))