|Bid||137.04 x 1200|
|Ask||137.10 x 1200|
|Day's Range||136.38 - 137.26|
|52 Week Range||111.12 - 138.41|
|Beta (3Y Monthly)||0.66|
|PE Ratio (TTM)||8.39|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||163.14|
It seems like everybody's talking about self-driving cars and the automakers that manufacture them lately, but investors shouldn't forget that these cars will all need microchips. One way to stake your claim in the autonomous vehicle revolution is with a position in Nvidia (NASDAQ:NVDA) stock.Source: michelmond / Shutterstock.com Granted, you'll hear media pundits raving about Google (NASDAQ:GOOGL, NASDAQ:GOOG) as the undisputed leader in self-driving car technology. I can assure you, however, that Google isn't the only player in this game -- and that the Nvidia stock price could rise dramatically as the competition heats up. Like Self-Driving Cars? Then You Should Love Nvidia StockThe fantasy of cars that drive themselves is quickly becoming a reality in modern society. As Lafayette College's Michael A. Nees explains, engineers and other researchers have advanced self-driving technology to the point where humans are practically irrelevant to the driving experience: "Recent indications have suggested that some design teams believe they can engineer the role of the human operator out of the system altogether."InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 7 Beverage Stocks to Buy Now This technological progress, as we might expect, has given rise to a nascent industry. The evident leader so far has been Google, whose Waymo subsidiary has been a bellwether in autonomous vehicle tech. However, Nvidia is quickly becoming a credible competitor to Google, to the point where Nvidia could threaten to take market share and topple Google as the leader in the space.OK, so that might be an exaggeration, but at the very least we can envision the graphics-card company making inroads into the self-driving vehicle market. While Google set the pace with Waymo, Nvidia likewise partnered up with Optimus Ride to test out self-powered public transit in Brooklyn, New York.Research firm UBS has projected that the world's autonomous taxi industry will be worth $2 trillion by the year 2030, so I think it's a savvy move for Nvidia to get into the self-driving vehicle market via the public-transportation angle. Just as important, this initiative will allow the company to test-drive the NVIDIA DRIVE AGX Xavier, which Nvidia describes as "the world's first processor designed for autonomous driving" with "six different types of processors to run redundant and diverse algorithms for AI, sensor processing, mapping and driving." Pushing Self-Driving BoundariesWhile the Optimus Ride initiative is impressive, Nvidia is persistent in exploring the potential of self-driving vehicle chips. To this end, Nvidia has joined forces with Toyota (NYSE:TM), General Motors (NYSE:GM), and other leaders in the tech and/or automotive sectors to form the Autonomous Vehicle Computing Consortium, or AVCC.The AVCC launch at San Jose, California's Arm TechCon marked the start of a massive, industry-wide collaboration to expedite the mainstreaming of self-driving automotive technology with better, faster chips and other essential components. AVCC Board Chairman Massimo Osella appreciated the enormity of the task faced by the burgeoning industry, as well as its importance:"The massive amount of technological innovation required to power fully self-driving vehicles at scale requires collaboration at an industry level… We are delighted to join this group of key leaders in the automotive industry. As the AVCC, we are working together to create the 'go to' organization for autonomous computing expertise to help bring this technology to market."Nvidia Automotive Hardware and Software Systems Senior Vice President Gary Hicok likewise expressed the ambitious nature of the collaboration, along with Nvidia's eagerness to move the technology forward:"The hardware and software requirements for autonomous vehicles are enormous, requiring an energy-efficient, high-performance AI platform to process sensor data and achieve the highest levels of safety… As the leader in AI computing, we are working closely with transportation innovators, tackling the complexities of developing and deploying safe autonomous vehicles at scale." The Takeaway on Nvidia StockJoining in the AVCC and getting a head start in autonomous public transportation are emblematic of Nvidia's willingness to take initiative in what's clearly a growth industry. NVDA stock might not go up today or tomorrow, but in time I suspect that shareholders will reap the rewards of Nvidia's early and powerful move into self-driving technology.As of this writing, David Moadel did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Beverage Stocks to Buy Now * 10 Groundbreaking Technologies Created by Universities * 5 Semiconductor Stocks Worth Your Time The post Take a Stake in Self-Driving Cars With Nvidia Stock appeared first on InvestorPlace.
International automaker Toyota has the attention of local technology workers – but so do Southwest and American.
Economists Say Spend $2 Trillion to Combat Next Recession In another sign that economics as the study of scarcity and choice has completely lost its way, economists, whose title suggests that they study scarcity and choice and the art of economizing resources, are in general agreement, according to Reuters, that in order to save the […]The post Market Morning: Economists Say Spend More, Viagra For Leukemia, Aerospace Mergers appeared first on Market Exclusive.
Toyota Motor Corp unveiled a completely redesigned hydrogen-powered fuel cell sedan on Friday in its latest attempt to revive demand for the niche technology that it hopes will become mainstream. Japan's biggest automaker has been developing fuel-cell vehicles for more than two decades, but the technology has been eclipsed by the rapid rise of rival battery-powered electric vehicles promoted by the likes of Tesla Inc . Ahead of the Tokyo Motor Show starting on Oct. 24, Toyota unveiled a prototype of the new hydrogen sedan built on the same platform as its luxury Lexus brand's LS coupe.
PLANO, Texas, Oct. 10, 2019 /PRNewswire/ -- Toyota put the auto industry on the road to electrification in 1997 with the first Prius hybrid. Then, in 2015, it debuted the Mirai, the first production hydrogen fuel-cell electric vehicle (FCEV) offered for sale to retail customers in North America (Mirai means "future" in Japanese).
(Bloomberg) -- As others automakers plan battery-powered SUVs and trucks, Toyota Motor Corp.’s vision for the future of driving remains a hydrogen-sipping sedan.The Japanese behemoth will begin sales late next year of the second-generation Mirai, its fuel cell-powered four-door, and ramp up annual production by 10-fold from the current model. Toyota’s bet that it can position a hydrogen sedan for more of a mass market flies in the face of rivals wagering on putting batteries into the bigger-bodied vehicles consumers are buying.Toyota has been slower than peers to embrace EVs, citing uncertain demand in key markets including the U.S. and technical hurdles that limit battery range and recharging times. While the company has pledged to offer an electrified version of every model in the next five years, and 10 fully electric vehicles by early the next decade, it’s also going to keep coaxing consumers to give hydrogen a try.“Toyota won’t be putting all our eggs in one technology basket,” Doug Murtha, Toyota’s U.S. group vice president for corporate strategy and planning, said at a briefing in Greensboro, North Carolina.Toyota’s near-term electrification goals in the U.S. center on its gas-electric hybrid powertrains. It currently sells six hybrid vehicles and said Thursday it will add a plug-in hybrid version of its RAV4 crossover next year.The company plans to increase sales of hybrid cars and SUVs in the U.S. to 25% of deliveries by 2025, up from about 9% today.Slow DevelopmentToyota began developing hydrogen-powered cars more than 20 years ago, but progress has been slow due to high material costs and steep hurdles to setting up refueling infrastructure. Recent technological advances halved the cost of fuel cell stacks that mix hydrogen and oxygen to produce electricity, allowing the carmaker to boost global output from 3,000 a year in 2018 to 30,000 next year and 200,000 by 2025, Taiyo Kawai, general manager of the company’s hydrogen efforts, told reporters during a briefing in London.Rival automakers such as General Motors Co. in the U.S. and BMW AG in Europe have invested in fuel cell technology but are prioritizing EVs in their current and future zero-emission products. In the U.S., only Toyota, Honda Motor Co. and Hyundai Motor Co. sell fuel cell-powered passenger cars -- and only at a handful of dealers due to the scarcity of hydrogen stations.Fuel cell vehicles offer several advantages over battery-powered cars, including quicker refueling times and longer driving ranges. But they remain a novelty, accounting for less than 0.1% of the nearly 100 million vehicles produced each year, according to research by the National Academy of Sciences.“Unfortunately, despite years of education efforts, hydrogen cars are still a mystery to most people,” said Jackie Birdsall, a senior engineer at Toyota’s R&D center in Gardena, California. “The good news is that fuel cell technology is gaining momentum around the world,” she said.‘Such a Hassle’Improvements have been made to shrink the size of hydrogen fuel tanks and reduce the amount of costly platinum needed for fuel cell stacks. But there’s still more to do, including replacing platinum with cheaper synthetic materials, said Shawn Litster, a mechanical engineering professor at Carnegie Mellon University.Toyota, which loses money on the current Mirai, hasn’t said when it plans to break even with a future version. The company showed a near production-ready model to reporters this week in Greensboro, but wouldn’t say when the car will make its official public debut.The first Mirai -- which means “future” in Japanese -- debuted in late 2014, but availability in the U.S. has been limited to California and Hawaii. California has spent about $100 million over the past several years to build out a network of hydrogen stations. The state currently lists just 38 retail locations that are operational; another 22 are in various stages of development.The first-generation car’s oddball looks, $58,500 sticker price and cramped interior made it a hard sell for dealers. Most U.S. drivers lease the Mirai, and experiences with the futuristic vehicle have been mixed.Lawrence Kopp, a 42-year-old San Diego area resident, traded his Mirai in for a gasoline-powered Ford SUV in August after two years of headaches. Too few hydrogen pumps and a lack of cabin space wasn’t a good fit for a father with young children. “It was such a hassle I was ready to go back to a gas vehicle,” the corporate real estate executive said.Going GlobalThe new version of the Mirai is sleeker and more coupe-like, with a lower, longer and wider stance. It has room inside for five passengers, one more than the current model, and sports racier 20-inch wheels.Toyota says the Mirai will make a 30% leap from the existing model’s 312-mile range. Pricing won’t be announced until later, but it will be sold as a premium vehicle under the Toyota brand. Sales may be expanded to some states in the Northeast and Northwest, pending their buildup of hydrogen station networks.Toyota’s U.S. executives said that while they may prefer to have an SUV to sell, the company has stuck with a sedan body style to compete with premium models where passenger cars are still popular. In addition to Japan, Europe and the U.S., the Mirai will be sold in China, Australia and parts of the Middle East.“If I were king, we might have gone for something larger,” Murphy said. “But this needed to be a vehicle for global markets, not just us here.\--With assistance from Siddharth Philip.To contact the reporter on this story: Chester Dawson in Southfield at email@example.comTo contact the editor responsible for this story: Craig Trudell at firstname.lastname@example.orgFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
Retired NBA star Jamal Mashburn joined the board of cannabis health and wellness company Revolution Global as an advisor, the company announced on Thursday.
As we already know from media reports and hedge fund investor letters, hedge funds delivered their best returns in a decade. Most investors who decided to stick with hedge funds after a rough 2018 recouped their losses by the end of the second quarter. We get to see hedge funds' thoughts towards the market and […]
The purchase price is ISK 9,250 million plus a payment equal to the amount of distributable after-tax-profit of Lykill for the operating year of 2019. Total equity of Lykill amounted to ISK 11,688 million at the end of June 2019. The purchase price equals P/B of 0.82 based on estimated total equity at year end 2019.
Oct 8 (Reuters) - Arm Holdings, the British chip technology firm owned by Japan's Softbank Group Corp, is joining with automakers General Motors Co and Toyota Motor Corp to establish common computing systems for self-driving cars, an effort the companies hope will speed development of the technology. Arm supplies the underlying technology for the processors found in today's smart phones but does not make chips itself. Its ties to the automotive industry go back to the late 1990s, when automakers began to add computer chips to vehicles for functions like engine control and diagnostics.
Tesla Inc.'s (NASDAQ: TSLA) quarter results that were revealed on October 2 put the company within reach, but barely, of hitting the low-end of CEO Elon Musk's production target which is between 360,00 to 400,000 deliveries. The fact that the company had a record quarter for its deliveries should be good news, but Tesla's stock price fell around 4% as the number is below analyst estimates.
Insider Monkey has processed numerous 13F filings of hedge funds and successful value investors to create an extensive database of hedge fund holdings. The 13F filings show the hedge funds' and successful investors' positions as of the end of the second quarter. You can find write-ups about an individual hedge fund's trades on numerous financial […]
Shares declined after third quarter deliveries missed expectations, but Model 3 sales remained strong and the cash position has improved.
While Daimler (DDAIF) has been fined $960 million for not adhering to emission standards, Fiat (FCAU) is ordered by SEC to pay $40-million penalty for misleading investors about monthly sales figures.
Ford and Fiat Chrysler topped Q3 U.S. auto sales views, but GM missed. Ford, GM and other auto stocks retreated Wednesday.
New Braunfels officials, keenly aware of San Antonio economic development leaders’ heightened efforts to position the city as an emerging auto industry hub ripe for more investment, are seeking a bigger piece of the action. “A couple of years ago was really our first entry into this with Canadian General Tower, a tier I supplier,” said Michael Meek, president of the Greater New Braunfels Chamber of Commerce and executive director of the Greater New Braunfels Economic Development Foundation.
Nothing says adventure like a family piled into an off-road capable body-on-frame SUV ready to take on the American countryside. The new 2020 Toyota 4Runner Venture Edition is made for just that, writes Eileen Falkenberg-Hull.
Two very different verdicts Friday on the future of mobility. In Japan, Toyota is doubling down on vehicles powered by hydrogen fuel cells. It unveiled a new version of its Mirai car on Friday. The automaker has been working on fuel cells for two decades. Such cars emit nothing more than water vapour. And Toyota says they beat electric vehicles on range. The new Mirai can drive about 560 miles on a full tank. But the cars are costly to make and buy - over 46,000 dollars in Japan, after subsidies. And hydrogen filling stations are few and far between. As a result, Toyota has sold fewer than 10,000 Mirais over five years. By contrast, Tesla aims to deliver up to 400,000 electric vehicles this year alone. Meanwhile, James Dyson is calling it quits. The British entrepreneur is scrapping plans to develop an electric car. Dyson says he has a great design, but can't see a way to make it commercially viable. Attempts to find a buyer for the project have been abandoned. As Tesla's persistent losses demonstrate, building a profitable car company from scratch is no easy task.
Today on AutoComplete, Chevy debuts its C8 Corvette convertible and C8.R race car, Hyundai and Kia sue the railroads, and GM is still fighting the UAW.