INVZ is trading 7.1% up at $0.61 in pre-market as investors refocus on the company's growth prospects following its Mobileye partnership announcement.
- The move follows ongoing enthusiasm around the June 22 deal where Innoviz LiDAR will power the vertically integrated Mobileye Drive robotaxi business.
- The agreement represents a significant long-term opportunity involving more than 150,000 LiDAR units.
- Shares are rebounding from recent price weakness as the market weighs the scale of the robotaxi rollout.