Technology is revolutionizing life as we know it. The best part is it’s creating monumental investing opportunities worth billions of dollars. These opportunities include autonomous vehicle stocks.
TSLA) will have fully autonomous cars ready this year.” data-reactid=”13″>Self-driving vehicles are capable of sensing their own environments and moving safely. Elon Musk, for example, says Tesla (NASDAQ:TSLA) will have fully autonomous cars ready this year.
BBC News.
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In addition, Hyundai-Aptiv is promising commercial autonomous vehicles by 2022.
Forbes contributor, Jennifer Leigh Parker:
- Volkswagen (OTC:VWAGY) is allocating $52 billion into the autonomous race.
- General Motors (NYSE:GM) set aside $20 billion.
- Ford (NYSE:F) set aside $4 billion with plans to launch a self-driving service by 2022.
- Amazon (NASDAQ:AMZN) set aside $1 billion, and acquired Zoox, a developer of autonomous vehicles.
The Conversation contributors. For example, a Tesla auto-pilot car hit two parked cars in July 2020.
At the same time, autonomous cars must also overcome issues with machine learning, or how such technology should be “trained, tested, or validated.” We need to know how these cars would operate, if they will be socially accepted and if regulations allow them on the road.
Challenges for not, the race is on to get autonomous vehicles on the road. As companies progress, here are some of the top autonomous vehicle stocks to keep on your radar:
Autonomous Vehicle Stocks: Aptiv (APTV)
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semi-autonomous ADAS (advanced driver-assistance systems), including adaptive cruise control, automatic emergency braking, forward collision warnings, rear automatic breaking and lane keeping.
the company says.
HYMTF), which plans to test fully driverless cars later this year. They also said they’d have a production-ready autonomous driving platform for robotaxi providers and fleet operators by 2022.” data-reactid=”61″>Aptiv is in a joint venture with Hyundai (OTC:HYMTF), which plans to test fully driverless cars later this year. They also said they’d have a production-ready autonomous driving platform for robotaxi providers and fleet operators by 2022.
$1.6 billion.
Nvidia (NVDA)
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Automotive Vehicle Compute Platforms report, Nvidia led the list of companies developing AV platforms that will power the artificial intelligence in cars.
Also, in late 2019, the company introduced its Nvidia Drive AGX Orin, which is powered by a new system-on-a-chip (SoC). According to the company, it’s designed to handle the large number of applications and deep neural networks that run in autonomous vehicles.
Forbes contributor Dave Altavilla.
Simple math tells us this could lead to a big win for Nvidia’s business.
Ambarella (AMBA)
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Ambarella specializes in autonomous vehicles items, specifically front ADAS cameras, smart electronic mirrors, drive recorders, parking assist and fleet management systems. Plus, its computer vision technology is also useful in autonomous vehicles, providing help with blind spot visual detection. In July 2019, Hyundai Mobis announced will use Ambarella’s A9AQ Automotive SoC in its cars.
Growth doesn’t appear to be a problem for the company.
Revenue for the first quarter of fiscal 2021 was $54.6 million – up 16% year over year. Gross margins came in at 58.6% with a GAAP net loss of $15.5 million, or 45 cents per diluted share from $17.3 million, or 53 cents per diluted share.
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