AEye stock (NASDAQ: LIDR) had a solid July, rising by close to 240% over the month, although the stock has retraced by about 12% over the last five trading days. AEye develops adaptive LiDAR (light detection and ranging) systems used to enable advanced driver-assistance systems (ADAS) and autonomous driving capabilities. So what’s been driving the surging investor interest in this micro cap name?HEFEI, CHINA - FEBRUARY 24: A resercher presents a newly-developed 77GHz millimeter-wave automotive radar chip at ...

POLAND - 2023/10/25: In this photo illustration, an Aeye logo is displayed on a smartphone with ... More Artificial Intelligence graphics in the background. (Photo Illustration by Omar Marques/SOPA Images/LightRocket via Getty Images)SOPA Images/LightRocket via Getty ImagesAEye stock (NASDAQ: LIDR) surged nearly 50% on Friday and has now increased over 3x in only a week, driven by news of a collaboration with AI semiconductor leader Nvidia. AEye specializes in adaptive LiDAR (light detection and ranging) te ...