in selfdriving cars
"According to analysts at Swiss bank UBS, the market for autonomous rideshare vehicles (or robotaxis) will reach at least $2 trillion by 2030. What's more, Intel (NASDAQ:INTC) believes the market could reach $7 trillion by 2050. For investors looking to cash in on the autonomous vehicle trend, NVIDIA (NASDAQ:NVDA) and Alphabet's (NASDAQ:GOOG) (NASDAQ:GOOGL) Waymo look like long-term winners.
1. NVIDIA: The leading platform
According to a report by Navigant Research, NVIDIA and Intel's Mobileye are the two front-runners in the market for automated-vehicle computing platforms, though the report calls NVIDIA "the clear leader" in the space. These companies are building the artificial-intelligence (AI) systems that will power self-driving car....
When it comes to AI, NVIDIA's best-in-class GPUs significantly outperform Intel's chips. And NVIDIA's industry-leading solution has helped the company attract dozens of partners, from start-ups to established enterprises. These include automakers Toyota, Audi, Volvo, and Daimler's Mercedes-Benz; mobility service providers like Airbus, Aurora Mobile, and Zoox (owned by Amazon); as well as researchers at prestigious institutions like University of California-Berkeley, Carnegie Mellon, and MIT.