You Might Already Own the Best Self-Driving Car Stock
The development of self-driving cars is fully underway, with major chip providers and car manufacturers jockeying for position. Some of the major technology companies that are in the middle of the action, such as NVIDIA (NASDAQ: NVDA), Intel (NASDAQ: INTC), and Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL), are obvious choices to consider if you're looking for direct exposure to the autonomous car market.
But according to a research report from Morgan Stanley, the best self-driving car stock might be one you already own. Morgan Stanley estimates that fully automated vehicles will save people about 600 billion hours of time that would otherwise be spent watching the road, which could bring significant benefits to entertainment and software providers where people already find value.
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Source: Fool.com
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