Ouster (OUST), a US company I've been heavily invested in (Shares no Options) and following for the last year. I believe they have the ability to capture the "physical AI" layer.
The thesis is that AI will diversify from screens and into the real world (robots, drones, warehouses, factories, vehicles, infrastructure, security systems, etc.). All of these need to understand their physical surroundings, and while a camera can show what something looks like, lidar shows where things are in 3D (distance, shape, movement, space, etc.). This is the physical AI layer that the market hasn't realized the value of yet and I think Ouster is poised to capture.
While they have "broken out" over the last few months, they are growing 50% YoY, have a healthy cash balance, and are 100% American, which I think will be important to the US AI dominance thesis. I can see the company valued in the $100B range over the next few years with the right growth and adoption assumptions.
Would love this communities thoughts on the topic.