Innoviz Stock Skyrockets on LiDAR Boom and Big Autonomous Driving Deals
Innoviz’s recent stock surge reflects these positive fundamentals. CEO Omer Keilaf emphasized in the Q2 report that “we generated more revenues than in all of 2024” in H1 and drove cash burn into low single digits ir.innoviz.tech. He noted Innoviz has begun shipping units from its new Fabrinet production line and is advancing its L3 and L4 programs. Keilaf also highlighted the InnovizSMART product, calling it “built on the same technological foundation as [our] automotive solutions” for smart infrastructure ts2.tech. These comments underscore that Innoviz is not only growing sales but also diversifying into security, traffic and robotics markets. Analysts