Is MicroVision (MVIS) the dark horse in LiDAR stocks after its NVIDIA DRIVE integration, or is it still too risky at $1.21?

**MicroVision's (MVIS) recent integration with NVIDIA's DRIVE AGX platform positions it as a strong contender in the LiDAR market**, but whether it's the dark horse or not depends on your risk tolerance and investment goals. Here's why:

1. **Strategic Move Strengthens Market Position**: By integrating its MOVIA lidar system with NVIDIA's DRIVE AGX, MicroVision is leveraging NVIDIA's established software stack and high-performance computing capabilities. This integration simplifies system architecture, reduces the need for additional computing, and enables faster deployment of lidar solutions in advanced driver-assistance systems (ADAS) and full autonomy platforms.
2. **Stock Performance and Valuation**: Despite the positive development, MicroVision's stock has experienced volatility, with a recent slide of -7.67% amid market unease following a major leadership change announcement. The stock's P/E ratio is currently negative at -2.76, indicating that the company is not profitable as of the latest report period. The P/B ratio is 5.15, suggesting that the market is currently valuing the company's assets at a premium compared to its liabilities. The P/S ratio is 63.34, which is relatively high, indicating that the market is currently valuing the company's sales at a significant premium.

|code|Ticker|Name|Date|Closing Price|market_code|
|---|---|---|---|---|---|
|MVIS|MVIS.O|Microvision|20250730|1.1|185|

|code|Ticker|Name|Date|P/E(TTM)|market_code|
|---|---|---|---|---|---|
|MVIS|MVIS.O|Microvision|20240731|-2.516401|185|
|MVIS|MVIS.O|Microvision|20240801|-2.304741|185|
|MVIS|MVIS.O|Microvision|20240802|-2.407749|185|
|MVIS|MVIS.O|Microvision|20240805|-2.228348|185|
|MVIS|MVIS.O|Microvision|20240806|-2.195301|185|
|MVIS|MVIS.O|Microvision|20240807|-1.963968|185|
|MVIS|MVIS.O|Microvision|20240808|-2.129206|185|
|MVIS|MVIS.O|Microvision|20240809|-2.025342|185|
|MVIS|MVIS.O|Microvision|20240812|-2.004097|185|
|MVIS|MVIS.O|Microvision|20240813|-2.072553|185|

|code|Ticker|Name|Date|Price to Book Ratio|market_code|
|---|---|---|---|---|---|
|MVIS|MVIS.O|Microvision|20240731|2.3573426050339545|185|
|MVIS|MVIS.O|Microvision|20240801|2.159061451339509|185|
|MVIS|MVIS.O|Microvision|20240802|2.2471864085370403|185|
|MVIS|MVIS.O|Microvision|20240805|2.0797489898617316|185|
|MVIS|MVIS.O|Microvision|20240806|2.048905254842596|185|
|MVIS|MVIS.O|Microvision|20240807|1.8329991097086449|185|
|MVIS|MVIS.O|Microvision|20240808|2.438108532645568|185|
|MVIS|MVIS.O|Microvision|20240809|2.3191764091018814|185|
|MVIS|MVIS.O|Microvision|20240812|2.2948493838315818|185|
|MVIS|MVIS.O|Microvision|20240813|2.3732364652581026|185|

|code|Ticker|Name|Date|P/S(TTM)|market_code|
|---|---|---|---|---|---|
|MVIS|MVIS.O|Microvision|20240731|30.512346|185|
|MVIS|MVIS.O|Microvision|20240801|27.945887|185|
|MVIS|MVIS.O|Microvision|20240802|29.194895|185|
|MVIS|MVIS.O|Microvision|20240805|27.019589|185|
|MVIS|MVIS.O|Microvision|20240806|26.618875|185|
|MVIS|MVIS.O|Microvision|20240807|23.813875|185|
|MVIS|MVIS.O|Microvision|20240808|25.817447|185|
|MVIS|MVIS.O|Microvision|20240809|24.558059|185|
|MVIS|MVIS.O|Microvision|20240812|24.300457|185|
|MVIS|MVIS.O|Microvision|20240813|25.130508|185|

3. **Market Opportunity and Risk**: The LiDAR market is expected to grow significantly, and MicroVision's partnership with NVIDIA could position it to benefit from this trend. However, the company's stock price and valuation metrics suggest that it may still be considered risky by investors. Additionally, the company's financials and market reactions to recent news indicate that it may face challenges, such as leadership changes and market uncertainty.
4. **Conclusion**: MicroVision's integration with NVIDIA's DRIVE AGX platform is a significant development that could propel the company forward in the LiDAR market. However, whether it's the dark horse or not depends on your risk tolerance and investment goals. If you're willing to take on the risk for the potential of high growth in the LiDAR sector, MicroVision could be an attractive option. Otherwise, the current stock price and valuation metrics may suggest caution.

Investors should consider MicroVision's strategic move as a positive step, but it's important to weigh it against the company's financials, market conditions, and their own investment objectives before making a decision.