Innoviz Technologies Ltd. (INVZ) Soars 10.4% on Autonomous Vehicle Program

Innoviz Technologies Ltd. (INVZ) saw a significant rise of 10.4% in pre-market trading on June 17, 2025, driven by positive market sentiment and strategic developments.

Innoviz Technologies has been recognized for its leadership in the LiDAR technology sector, particularly with its high-performance LiDAR sensors and perception software. The company recently announced a significant development program with a top passenger OEM, which involves the use of InnovizTwo High-Performance LiDAR in a Level 3 autonomous system. This program is set to commence production in 2027, highlighting Innoviz's growing influence in the autonomous vehicle market.

Innoviz's stock has been buoyed by positive analyst ratings and forecasts, which indicate a bullish outlook for the company. The stock's buy signals from both short and long-term moving averages suggest a favorable forecast, further bolstering investor confidence. Additionally, the company's strategic partnerships and technological advancements continue to position it as a key player in the LiDAR technology space.