Investors may not agree on exactly how or when driverless vehicles and robotaxis will take over the roads.
Still, they’ll all likely agree that driverless vehicles are certainly coming — maybe sooner than we think, thanks in part to artificial intelligence (AI)
Robotaxi fleets alone are surging, with Goldman Sachs forecasting it will grow from roughly 7,000 vehicles to roughly 1 million in 2030, and then 6 million by 2035. More broadly, the autonomous vehicle (AV) market is expected to grow to over $40 trillion by 2034. Driverless vehicles are coming, and these three stocks are well-positioned to thrive.
The no-brainer It would be a disservice to investors not to mention Nvidia (NASDAQ: NVDA) as arguably the most no-brainer investment to make in the driverless vehicle arena. Nvidia is a leading developer of graphics processing units (GPUs), which were traditionally used to enhance computing experiences, especially in gaming applications. Fortunately for Nvidia and its investors, those GPUs have evolved into important semiconductors used in AI to run massive language models.