Luminar Technologies shares surge 132.23% after-hours as Rivian highlights LiDAR collaboration at Autonomy and AI Day.

Luminar Technologies surged 132.23% in after-hours trading following its mention at Rivian Automotive’s Autonomy and AI Day, where Rivian highlighted the company’s LiDAR technology. This positive exposure during the event likely spurred investor optimism about Luminar’s role in advancing autonomous vehicle solutions, aligning with the stock’s sharp post-market rally. While the broader Lidar Technology industry showed upward momentum during regular trading hours, the immediate catalyst for Luminar’s after-hours jump was its direct endorsement by Rivian, a key player in the EV and autonomy space.