3 Under-the-Radar Auto Technology Stocks to Watch in 2022
With the internal combustion engine no longer the sole option for power, the vehicle is being completely reimagined. Dozens of electric vehicle maker start-ups have appeared to capitalize on this coming sea change. But a slew of new auto parts manufacturers and service providers are also appearing to help meet the need for automotive technology, and many of them could be even more profitable investments than the automakers themselves.
Two small auto tech companies that investors should keep an eye on are Luminar Technologies (NASDAQ: LAZR) and Ambarella (NASDAQ: AMBA). In addition, tech giant Qualcomm (NASDAQ: QCOM) has been quietly building its presence in the automotive space, and looks like a great buy right now.
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Source Fool.com
