Lumentum and MicroVision have been highlighted in this Industry Outlook article.

The Zacks Laser Systems and Components industry participants like Lumentum Holdings (LITE) and MicroVision (MVIS) gain from solid demand for applications like Generative AI, autonomous driving, IoT, 5G and healthcare amid challenging macroeconomic conditions.

MicroVision, Cutera and IRIDEX have been highlighted in this Industry Outlook article.

The Zacks Laser Systems and Components industry participants like MicroVision (MVIS), Cutera (CUTR) and IRIDEX Corporation (IRIX) gain from solid demand for emerging applications like autonomous driving, IoT, 5G and healthcare amid challenging macroeconomic conditions.

MicroVision (MVIS) reaffirms its revenue guidance for 2023 and reveals that it is discussing partnering with OEMs for the implementation of LiDAR-based advanced safety systems in vehicles.

Gainers Tango Therapeutics, Inc. (NASDAQ: TNGX) climbed 85.2% to $7.09 after gaining 11% on Tuesday. Tango Therapeutics recently posted a narrower quarterly loss. Decibel Therapeutics, Inc. (NASDAQ: DBTX) gained 76% to $4.9150 after Regeneron announced it will acquire the company. Benitec Biopharma Inc. (NASDAQ: BNTC) jumped 75.8% to $3.3937. Benitec Biopharma reported pricing of $30 million underwritten public offering. Renovaro Biosciences Inc. (NASDAQ: RENB) shares gained 68.2% to $1.43 after the company and AI-focused GEDi Cube announced a binding, exclusive letter of intent to merge. T Stamp Inc. (NASDAQ: IDAI) climbed 48.8% to $2.3518. EBET, Inc. (NASDAQ: EBET) surged 40.5% to $0.0405 on abnormally-high volume. The stock was set to be suspended at the opening of business today unless the company requested an appeal of Nasdaq's Listing Qualifications Department's determination. Millennium Group International Holdings Limited (NASDAQ: MGIH) gained 40% to $2.7003 on strong volume. Science 37 Holdings, Inc. (NASDAQ: SNCE) jumped 39.3% to $0.3765 following better-than-expected quarterly results. BioNexus Gene Lab Corp. (NASDAQ: BGLC) gained 36.5% to $1.5699. Kubient, Inc. (NASDAQ: KBNT) rose 33.7% to $0.63. Oportun Financial Corporation (NASDAQ: OPRT) gained 31.3% to $6.90 following strong quarterly results. Poseida Therapeutics, Inc. (NASDAQ: PSTX) climbed 31.3% to $2.60 following quarterly results. Mirati Therapeutics, Inc. (NASDAQ: MRTX) surged 30.1% to $36.17 after the company reported second-quarter financial results. Also, B. Riley Securities upgraded the stock from Neutral to Buy and announced a $45 price target. Allbirds, Inc. (NASDAQ: BIRD) gained 29% to $1.65 after the company reported better-than-expected second-quarter financial results. Array Technologies, Inc. (NASDAQ: ARRY) climbed 27.8% to $22.85 following a second-quarter earnings beat. Computer Task Group, Incorporated (NASDAQ: CTG) gained 27.8% to $10.23 after the company announced it will be acquired by Cegeka for $10.50 per share. LivePerson, Inc. (NASDAQ: LPSN) rose 27.5% to $5.09 r after the company announced a second-quarter earnings beat. The company named John Collins as the Interim CEO. PMV Pharmaceuticals, Inc. (NASDAQ: PMVP) gained 22.3% to $8.31 after the company reported better-than-expected second-quarter EPS results. Celsius Holdings, Inc. (NASDAQ: CELH) jumped 21.8% to $174.73 after the company reported better-than-expected second-quarter financial results. United Insurance Holdings Corp. (NASDAQ: UIHC) gained 21.3% to $6.83. DMC Global Inc. (NASDAQ: BOOM) climbed 19.8% to $21.03 following quarterly results. Dutch Bros Inc. (NYSE: BROS) surged 19.8% to $33.55 after the company reported better-than-expected quarterly EPS results and issued FY23 guidance. Azenta, Inc. (NASDAQ: AZTA) gained 19.6% to $57.45 fter the company reported better-than-expected third-quarter financial results and issued fourth-quarter EPS guidance above estimates. Additionally, Needham raised its price target from $55 to $65 on the stock. ThredUp Inc. (NASDAQ: TDUP) climbed 19.5% to $3.85 after the company reported better-than-expected second-quarter financial results and issued revenue guidance. Also, Goldman Sachs raised its price target from $3 to $4 on the stock. Planet Green Holdings Corp. (NASDAQ: PLAG) rose 17.5% to $0.5670. Anavex Life Sciences Corp. (NASDAQ: AVXL) climbed 16.2% to $ 9.33. Rapid7, ...

U.S. stock futures traded higher this morning on Wednesday. Here are some big stocks recording losses in today’s pre-market trading session. Doximity, Inc. (NYSE: DOCS) shares dipped 24.4% to $24.80 in pre-market trading after the company issued weak sales forecast. PubMatic, Inc. (NASDAQ: PUBM) shares tumbled 18% to $15.22 in pre-market trading after the company issued weak third-quarter revenue guidance. AerSale Corporation (NASDAQ: ASLE) declined 17.8% to $12.00 in pre-market after the company reported downbeat second-quarter results and issued weak 2023 sales outlook. Upstart Holdings, Inc. (NASDAQ: UPST) tumbled 17.4% to $42.73 in pre-market trading. Upstart reported better-than-expected results for its second quarter, but issued weak revenue forecast for the third quarter. 2U, Inc. (NASDAQ: ...

U.S. stock futures traded lower this morning. Here are some big stocks recording losses in today’s pre-market trading session. Advanced Health Intelligence Ltd. (NASDAQ: AHI) shares declined 11.9% to $5.02 in pre-market trading. Bank of New York Mellon raised stake in Advanced Health Intelligence from 21.08% to 22.52%. Canopy Growth Corporation (NASDAQ: CGC) shares dropped 10% to $0.5313 in pre-market trading. Canopy Growth shares gained 52% on Monday after the company announced it completed all conversions pursuant to the $100 million convertible debentures and provided an ...

The company's coffers are now bulging with cash.

Gainers Addentax Group Corp. (NASDAQ: ATXG) shares jumped 47.3% to $9.68. Addentax Group is launching automation of artificial intelligence internet operational tools project with top Games-as-a-Service firms. CymaBay Therapeutics, Inc. (NASDAQ: CBAY) surged 40% to $10.97. Cyteir Therapeutics, Inc. (NASDAQ: CYT) shares gained 38% to $2.6487. Cyteir Therapeutics reported discontinuation of CYT-0851 development program and planned liquidation and dissolution. TOP Financial Group Limited (NASDAQ: TOP) shares gained 32.2% to $10.31 after the company reported FY23 financial results. Renalytix Plc (NASDAQ: RNLX) shares jumped 31% to $2.66 after the company received FDA De Novo marketing authorization for its KidneyIntelX.dkd prognostic test. Baudax Bio, Inc. (NASDAQ: BXRX) gained 24% to $0.6450 after the company agreed to acquire TeraImmune in a stock-for-stock transaction. Friedman Industries, Incorporated (NYSE: FRD) rose 19.6% to $11.90 after posting a profit for the fourth quarter. CytomX Therapeutics, Inc. (NASDAQ: CTMX) gained 17.7% to $1.65 after the company announced a $30 million private placement from BVF Partners L.P. Rackspace Technology, Inc. (NASDAQ: RXT) gained 15.8% to $2.27. Rackspace Technology partnered with Google Cloud to offer cutting-edge generative AI services and solutions using the FAIR practice. Applied Optoelectronics, Inc. (NASDAQ: AAOI) gained 15.5% to $6.27. MicroVision, Inc. (NASDAQ: MVIS) climbed 12.8% to $4.40. XPeng Inc. (NYSE: XPEV) gained 12.4% to $13.29 after CLSA upgraded the stock from Buy to Outperform and raised the price target from $10 to $13.1. The company, on Thursday. launched G6 Ultra Smart Coupe ...

U.S. stocks traded higher, with the Dow Jones gaining more than 200 points on Friday. Here are some big stocks recording gains in today’s session. Addentax Group Corp. (NASDAQ: ATXG) shares gained 47.3% to $9.68. Addentax Group is launching automation of artificial intelligence internet operational tools project with top Games-as-a-Service firms. CymaBay Therapeutics, Inc. (NASDAQ: CBAY) jumped 40% to $10.97. TOP Financial Group Limited (NASDAQ: TOP) shares rose 32.2% to $10.31 after the company reported FY23 financial results. Friedman Industries, Incorporated (NYSE: FRD) gained 19.6% to $11.90 after posting a profit for the fourth quarter. Rackspace Technology, Inc. (NASDAQ: RXT) surged 15.8% to $2.27. Rackspace Technology partnered with Google Cloud to offer cutting-edge generative AI services ...