Autonomous Driving Market to Reach $918 Billion, Four AI Stocks to Watch
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1h ago
0mins
Source: Fool
- Massive Market Potential: Grand View Research estimates that robotaxi sales will grow at an annual rate of 74% through 2030, highlighting the disruptive potential of autonomous driving technology in the mobility sector.
- Uber's Market Position: Uber collaborates with over 20 autonomous vehicle partners and is projected to account for 22% of autonomous ride-sharing trips in the U.S. by 2032, significantly enhancing its market share and profitability.
- Tesla's Unique Strategy: Tesla's full self-driving platform relies solely on computer vision, and it is expected to capture 25% of the U.S. autonomous ride-sharing market by 2032, giving it a competitive edge with its low-cost camera solution.
- Alphabet's Leadership: Alphabet's Waymo offers commercial services in five U.S. cities and is expected to hold a 34% market share by 2032, demonstrating its strong competitive position and future growth potential in the autonomous driving space.
Analyst Views on NVDA
Wall Street analysts forecast NVDA stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for NVDA is 264.97 USD with a low forecast of 200.00 USD and a high forecast of 352.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
41 Analyst Rating
39 Buy
1 Hold
1 Sell
Strong Buy
Current: 184.840
Low
200.00
Averages
264.97
High
352.00
Current: 184.840
Low
200.00
Averages
264.97
High
352.00
About NVDA
NVIDIA Corporation is a full-stack computing infrastructure company. The Company is engaged in accelerated computing to help solve the challenging computational problems. The Company’s segments include Compute & Networking and Graphics. The Compute & Networking segment includes its Data Center accelerated computing platforms and artificial intelligence (AI) solutions and software; networking; automotive platforms and autonomous and electric vehicle solutions; Jetson for robotics and other embedded platforms, and DGX Cloud computing services. The Graphics segment includes GeForce GPUs for gaming and PCs, the GeForce NOW game streaming service and related infrastructure, and solutions for gaming platforms; Quadro/NVIDIA RTX GPUs for enterprise workstation graphics; virtual GPU software for cloud-based visual and virtual computing; automotive platforms for infotainment systems, and Omniverse Enterprise software for building and operating industrial AI and digital twin applications.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
