Ouster, Inc. (NYSE:OUST) stock climbed nearly 8% in Monday premarket trading after the lidar maker expanded its manufacturing partnership with Benchmark Electronics, Inc. (NYSE:BHE).
In addition, the broader market rally also supported the move. Investors returned to growth and higher-beta technology stocks as risk appetite improved after President Donald Trump announced a peace agreement with Iran.
Nasdaq futures climbed 2.21% and S&P 500 futures gained 1.34%.
Ouster, Benchmark Expand Partnership To Scale REV8 Lidar Production
Ouster and Benchmark Electronics expanded their manufacturing partnership to support high-volume production of Ouster’s new REV8 digital lidar sensors.
