Electric vehicle (EV) stocks have been crashing in the early part of 2024. , Rivian, and Nio have all fallen more than 20% already to start the year. As competition ramps up in the EV market and concerns rise about affordability, investors have been moving away from these stocks.

One stock that could be an underrated EV play is Nvidia (NASDAQ: NVDA). The company is known for being a top artificial intelligence (AI) stock, but the popular chipmaker could also benefit from the EV market's growth. Here's why.

Nvidia has an AI platform, Nvidia Drive, which can be used to help with driver assistance and automated driving.

Continue reading

Source Fool.com