2 Self-Driving Car Stocks to Buy in 2021
Self-driving cars will change the world in countless ways. They hold the promise of riders being able to engage in other activities while in a vehicle, collisions and traffic deaths being significantly reduced, and the daily cost of travel dropping by as much as 80%.
According to analysts at Swiss bank UBS, the market for autonomous rideshare vehicles (or robotaxis) will reach at least $2 trillion by 2030. What's more, Intel (NASDAQ: INTC) believes the market could reach $7 trillion by 2050. For investors looking to cash in on the autonomous vehicle trend, NVIDIA (NASDAQ: NVDA) and Alphabet's (NASDAQ: GOOG) (NASDAQ: GOOGL) Waymo look like long-term winners.
According to a report by Navigant Research, NVIDIA and Intel's Mobileye are the two front-runners in the market for automated-vehicle computing platforms, though the report calls NVIDIA "the clear leader" in the space. These companies are building the artificial-intelligence (AI) systems that will power self-driving cars.
Source Fool.com
