MVIS stock forecast algorithms indicate a fair value range of $2.40-$2.65, using discounted cash flow models assuming 15% CAGR over the next three years, supported by LiDAR adoption rates across autonomous mobility sectors. After struggling in recent weeks due to rising rate worries, the semiconductor space bounced back last week. There are now signs of the Federal Reserve's aggressive interest rate hiking campaign nearing an end. And the demand for artificial intelligence (AI) applications is extremely high. As a result, several chip ETFs have been hovering around a one-month high. Apart from Fed hopes, a few chip companies' results and outlook have come in upbeat. Let's delve a little deeper. Stock on Triggering Explosive Level Target prices between 14.72$ - 18.27$ ---- 88.6% / 113% Bearish Shark Harmonic shap pattern 🦈 Strongly Buy recommended 👌 Short interest in MVIS stock has dropped to 7.8% from 9.1%, according to latest market filings, suggesting bearish conviction is weakening. Forecasters now speculate a near-term stabilization phase around the $2.20 level before any breakout attempt.