Advertisement
UK markets closed

  • FTSE 100

    8,213.49
    +41.34 (+0.51%)
     

  • FTSE 250

    20,164.54
    +112.21 (+0.56%)
     

  • AIM

    771.53
    +3.42 (+0.45%)
     

  • GBP/EUR

    1.1652
    -0.0031 (-0.26%)
     

  • GBP/USD

    1.2546
    +0.0013 (+0.11%)
     

  • Bitcoin GBP

    50,932.40
    +933.48 (+1.87%)
     

  • CMC Crypto 200

    1,359.39
    +82.41 (+6.45%)
     

  • S&P 500

    5,127.79
    +63.59 (+1.26%)
     

  • DOW

    38,675.68
    +450.02 (+1.18%)
     

  • CRUDE OIL

    77.99
    -0.96 (-1.22%)
     

  • GOLD FUTURES

    2,310.10
    +0.50 (+0.02%)
     

  • NIKKEI 225

    38,236.07
    -37.98 (-0.10%)
     

  • HANG SENG

    18,475.92
    +268.79 (+1.48%)
     

  • DAX

    18,001.60
    +105.10 (+0.59%)
     

  • CAC 40

    7,957.57
    +42.92 (+0.54%)
     
MONEY:

Best savings accounts that offer above inflation rates

Where to find a top-rated deal that works for you

Volkswagen to Collaborate With NVIDIA for Self-Driving Cars

Zacks Equity Research
Updated

Volkswagen AG VLKAY and Uber Technologies Inc. will utilize NVIDIA Corporation’s NVDA artificial intelligence (AI) technology for self-driving vehicles, per a Bloomberg report. According to the news, Volkswagen will deploy Nvidia’s technology to design co-pilot system. Again, ride-sharing company Uber will use Nvidia’s processors and software of for its upcoming fleet of self-driving vehicles.

Importantly, competition among chip making companies has intensified in the growing self-driving car market. Leading automakers across the globe are tying up with different companies to find out the best way to remove the need for drivers.

The co-piloting system will offer convenience and include features using sensors inside and outside the vehicle. The system will get better with AI capabilities. Some of the important features may include the facility to recognize a driver who is a drowsy or distracted and keep the car running smoothly at the right speed.

The company has outperformed the industry it belongs to in the last three months. Its shares have gained 24.7% compared with the industry’s growth of 12.7 %.



Nvidia currently sports a Zacks Rank #1 (Strong Buy).Volkswagen currently has a Zacks Rank #2 (Buy). The long-term growth rates for Volkswagen and Nvidia currently stand at 12.9% and 10.3%, respectively.  You can see the complete list of today’s Zacks #1 Rank stocks here.

A couple of other top-ranked automobile stocks in the same space are Allison Transmission Holdings, Inc. ALSN and Lear Corporation LEA, each carrying a Zacks Rank #2. 

Allison Transmission has a long-term growth rate of 10%. The company’s shares have gained 35.6% in the past 12 months.

Lear Corporation has a long-term growth rate of 7.1%. The company’s shares have gained 40.7% in the past 12 months.

5 Medical Stocks to Buy Now

Zacks names 5 companies poised to ride a medical breakthrough that is targeting cures for leukemia, AIDS, muscular dystrophy, hemophilia, and other conditions.

New products in this field are already generating substantial revenue and even more wondrous treatments are in the pipeline. Early investors could realize exceptional profits.

Click here to see the 5 stocks >>


Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
 
Volkswagen AG (VLKAY) : Free Stock Analysis Report
 
Lear Corporation (LEA) : Free Stock Analysis Report
 
Allison Transmission Holdings, Inc. (ALSN) : Free Stock Analysis Report
 
NVIDIA Corporation (NVDA) : Free Stock Analysis Report
 
To read this article on Zacks.com click here.
 
Zacks Investment Research