5 Stocks With Easy Double-Digit Gains

2. Ouster Inc. (NASDAQ:OUST)

Ouster extended its winning streak to a fourth consecutive day on Wednesday, climbing 26.09 percent to close at $34.17 apiece, as investors cheered the qualification of its Rev8 OS digital lidar sensor family on Nvidia Corp.’s open-reference platform for autonomous vehicles.

In a statement, Ouster Inc. (NASDAQ:OUST) said that its Rev8 OS met the requirements of Nvidia DRIVE Hyperion’s sensor qualification process, which could support automotive developers from their initial development to full-scale deployment, and aid with high-quality data necessary to both train next-generation world models and enable safer autonomous navigation at scale, among others.

“Ouster’s work with NVIDIA DRIVE centers on providing the high-performance sensing required for the next generation of autonomous vehicles,” Ouster Inc. (NASDAQ:OUST) CEO Angus Pacala said.

“With Rev8 compatibility on the NVIDIA DRIVE Hyperion platform, automotive customers around the world can benefit from superior range and resolution, along with the world’s first native color lidar, to enhance safety and performance in the real world,” he noted.

Ouster Inc. (NASDAQ:OUST) is a leader in sensing and perception for Physical AI across industrial, robotics, automotive, and smart infrastructure. In the first quarter of the year, it narrowed its net loss by 20.6 percent to $17.46 million from $22 million in the same period last year. Total revenues increased by 49 percent to $48.58 million from $32.6 million year-on-year.