Categories
Automotive Stocks Featured Investing Stock Market Today Stocks to Watch Tech Stocks

Top Stocks To Invest In? 5 Autonomous Vehicle Stocks In Focus

Could these autonomous vehicle stocks live up to their expectations?

Do You Have These Autonomous Vehicle Stocks On Your Watchlist?

Over the past few years, autonomous vehicle (AV) stocks have been rising in popularity among investors in the stock market. While it may be true that electric vehicle (EV) stocks have been making the headlines, the AV industry has also been making strides. Today, more and more cars are going electric and if you have been paying attention, most new cars would also have some form of semi-autonomous features. So, whether we like it or not, it appears that the day will come when most cars will run on electricity and drive autonomously. 

Well, that day could be closer than you think. In Phoenix, Arizona, people already have access to fully autonomous ride-hailing services by Alphabet’s (NASDAQ: GOOGL) Waymo. Furthermore, tech giant Amazon (NASDAQ: AMZN) is also showing greater interest in the AV space lately. It appears that a subsidiary of Amazon has secured a warrant to acquire 39.6 million shares in Velodyne Lidar (NASDAQ: VLDR), driving VLDR stock higher today. With that said, it is a fact that the industry is still relatively young but with plenty of room to grow. So, if you are willing to buy into the future of the industry, here are some of the top AV stocks to consider in the stock market today. 

Autonomous Vehicle Stocks To Watch In February 2022

Aptiv

Aptiv is a global technology company serving the automotive sector. For those unaware, the company designs and manufactures vehicle components. In addition, Aptiv also provides electrical and electronic solutions, and safety technology solutions to the global automotive and commercial vehicle markets. So, with more than 180,000 people across 124 manufacturing facilities worldwide, it readily addresses mobility’s toughest challenges right now.

Last week, Aptiv announced its fourth quarter and full-year 2021 financial results. Despite a drop of 2% in its U.S. GAAP revenue in the fourth quarter, it was still a successful 2021 for the company. For the full year of 2021, its U.S. GAAP revenue increased to $15.6 billion, up 20% compared to the prior year. Meanwhile, it recorded a net income of $527 million or diluted earnings per share of $19.4. On top of that, Aptiv will also be among the first organizations to get early access to Fast Radius’s cloud manufacturing software. Hence’ it will have the ability to use pre-release features that allow its team to better collaborate on design and manufacturing processes. Given all these factors, should you be keeping tabs on APTV stock?

Source: TD Ameritrade TOS

[Read More] Stock Market Today: Dow Jones, S&P 500 Mixed; Velodyne Skyrockets On Amazon Deal

Ambarella

Following that, we will be looking at the semiconductor company, Ambarella. In detail, it primarily develops low-power system-on-a-chip (SoC) semiconductors. Besides that, it also focuses on creating AI technology that enables edge devices to visually perceive the environment and make decisions based on the data collected from cameras and other types of sensors.

In January, the company and Seeing Machines Limited announced a strategic partnership. Seeing Machines is an advanced computer vision technology company that designs AI-powered operator monitoring systems to improve transport safety. This new collaboration will bring its industry-leading OMS and DMS technology solutions to Ambarella’s CV2x CVflow family of edge AI perception SoCs. As a result, both companies will collaborate towards integrated forward-facing ADAS and in-cabin occupant and driver monitoring system solutions. For a driverless future to be possible, these are technologies that could have a significant impact. With that in mind, would you say AMBA stock is a top automotive stock to watch?

Source: TD Ameritrade TOS

[Read More] What Are The Best Stocks To Invest In Right Now? 3 Cloud Stocks For Your Watchlist

Luminar

Another company that will likely play an important role in the future of the AV industry is Luminar. In detail, the company is a developer of advanced sensor technologies that cater to the AV industry. It operates through two business segments, Autonomy Solutions, and Component Sales. On one hand, its Autonomy Solution segment is responsible for the manufacturing and distribution of commercial lidar sensors. Meanwhile, its Component Sales segment focuses on the business of developing ultra-sensitive pixel-based sensors. 

In fact, the company just announced last month a partnership with Mercedes-Benz to accelerate the development of AV technologies for Mercedes passenger cars. Luminar’s Iris lidar technology is expected to improve vehicle safety and the technical capabilities of automated driving systems. Looking at the larger picture, this partnership represents a major commercial win for Luminar. All things considered, could LAZR stock continue to grow?

Source: TD Ameritrade TOS

NVIDIA

Nvidia may come as a surprise to those new to the AV space. Traditionally, people would recognize the company as one of the leading artificial intelligence computing companies. Its GeForce graphics processing units (GPU) are widely used for high-end computing and AI applications. Today, Nvidia also has a strong presence in the AV industry through its NVIDIA DRIVE family of products.

For starters, the company’s DRIVE Hyperion™ offers an AV development platform and reference architecture for developing Level 2+ and Level 3 highway autonomous solutions. Well, it has a complete sensor suite that’s tuned, optimized, and comes with a high-performance AI computing platform, the DRIVE AGX. Therefore, this end-to-end platform can be integrated into a test vehicle which allows developers to build and evaluate self-driving technology at scale. Given these considerations, would you consider NVDA stock a top AV stock to watch?

Source: TD Ameritrade TOS

[Read More] Top Dividend Stocks To Watch This Week

Aurora

Last but not least, we have the self-driving vehicle technology company, Aurora. The company’s Aurora Driver is a platform that brings together software, hardware, and data services. Also, its custom-designed sensor suite includes FirstLight Lidar, long-range imaging radar, and cameras that work together to build a three-dimensional representation of the world. As a result, it could autonomously operate passenger vehicles, light commercial vehicles, and heavy-duty trucks. 

Last month, the company provided an outline of its product milestones on the path to commercial launch. By the end of the first quarter of 2022, it will be able to launch the Aurora Driver Beta 2.0. This will be the first test fleet of Aurora Driver-powered Toyota Siennas for ride-hailing and the next generation of Aurora Driver-powered trucks. On top of that, Aurora plans to demonstrate that the Aurora Driver can respond to system failures at highway speeds in the third quarter of this year. Overall, these are exciting milestones for the company to achieve as it continues to show promising growth potential. So, would you invest in AUR stock right now?

Source: TD Ameritrade TOS

If you enjoyed this article and you’re interested in learning how to trade so you can have the best chance to profit consistently then you need to checkout this YouTube channel. CLICK HERE RIGHT NOW!


By Joe Samuel

Joe Samuel is a dedicated stock market researcher and financial contributor. His love for the stock market started at a young age learning from his grandfather. Joe earned a bachelor of science degree in corporate finance and business management. After finishing college, he went the route of an entrepreneur starting numerous businesses and eventually became a financial contributor to a number of outlets including Seeking Alpha, Invesitng.com, and actively contributes to FactSet. At StockMarket.com, Joe looks for emerging stories. One of his traits is identifying new trends before they become mainstream. Whether it’s a biopharmaceutical company debuting a novel treatment or the next technology start-up developing a new platform, Joe looks to be on the cutting edge of that trend.

After years of living in New York, he made the move to Miami, Florida where he’s become an active member of the finance community. Joe has worked with early-stage companies in marketing and consulting capacities, which has given him an opportunity to see what makes companies tick. His viewpoint is that while corporate news is vital to any investment, it’s what isn’t “right in front of you” that can make a good investment great. His approach to the markets is one that aims to deliver information that might not be well-known. But through deep research and diligence, Joe has written about and been able to uncover time-sensitive information when seconds matter in the stock market today.

Joe enjoys covering several stock market sectors. These include commodities, finance, biotechnology, and technology; specifically AI & machine learning. His no-nonsense approach to the market gives readers a cut and dry view of the news that matters most and topics beginning to emerge as new trends in the stock market. He was early to the table with calls on things like the last gold rush in 2019 and has been able to identify influential events and how they could impact certain industries.

During his free time, he enjoys spending time with his family and polishing up one new stock market trends. He’s also an avid car enthusiast with a passion for classic and muscle cars.

Subscribe
Notify of
0 Comments
Inline Feedbacks
View all comments