AEye Surges After Announcing Nvidia Partnership; Optical Communication Stocks Pull Back

Lidar systems maker AEye shares surged 39.4% in premarket trading.

AEye's Q4 revenue nearly doubled sequentially, full-year revenue up 15%. The company said Q4 revenue growth was driven by a 40% expansion in its commercial pipeline and a 33% increase in revenue-generating customers.

Meanwhile, AEye said late Monday it is joining the Nvidia Halos AI Systems Inspection Lab, which is the first ANSI National Accreditation Board accredited lab in the world.

Joining the Nvidia lab shows its commitment to delivering safe, high-performance perception technology for automotive, transportation, and intelligent infrastructure applications, the company said.

AEye said it will collaborate within Nvidia's safety ecosystem to validate interoperability, safety processes, and system-level integration with Nvidia DRIVE platforms.

Optical communication stocks dropped in premarket trading. Lumentum and Coherent fell 4%; Corning and Ciena fell 3%.