Ouster's stock is declining despite positive company news, caught in a broader market downturn.
- Ouster announced its new Rev8 OS family of digital lidar sensors are qualified to run on the NVIDIA DRIVE Hyperion platform, a key step for accelerating the development of level 4 autonomous vehicles.
- Despite this development, the stock is trading lower along with a wider market decline driven by hotter-than-expected inflation data, rising oil prices, and a sell-off in technology and AI-related stocks.