With driverless vehicles being described as the biggest business opportunity since the creation of the internet, we’ve taken a look at which stocks finance commentators are tipping.
In October, financial information website MarketWatch reported: “Analysts at Morgan Stanley estimated the market for driverless cars will reach more than $800 billion by 2050”.
Brands it namechecked included: vehicle manufacturers General Motors and Honda; parts-makers Aptiv, Continental and Denso; internet companies Alphabet and Baidu; semiconductor specialists Ambarella, Nvidia, Xilinx and Mobileye; and software companies Akamai Technologies, Dessault Systems and Hexagon.
In November, news site Investor Place suggested: “We’re just a few short years away from self-driving cars becoming a major commercial force”.
Its seven autonomous vehicle stocks to consider were, in alphabetical order:
Also in November, financial services company The Motley Fool pondered which stocks are poised to truly profit from the driverless car revolution.
Its top three, again in alphabetical order, were:
If these experts are right, Nvidia – the California-based tech company famous for its graphics processing units for gaming – is certainly one to watch.