Bank of America names the tech stocks set to benefit from a driverless car boom

  • 📰 CNBC
  • ⏱ Reading Time:
  • 23 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 72%

Deutschland Nachrichten Nachrichten

Deutschland Neuesten Nachrichten,Deutschland Schlagzeilen

The Wall Street bank gives two of the stocks over 50% upside potential.

Once considered the stuff of science fiction, Bank of America says self-driving cars now have "real-world visibility." The "feasibility" of autonomous vehicles has risen significantly in the past decade, thanks to a "multi-billion investment cycle"; 5G networks; advancements in big data, artificial intelligence and machine learning; and a more conducive regulatory environment, Bank of America's Justin Post said in a note on Dec. 8.

"Alphabet 's Waymo is expected to be a key supplier of AV technology and potential mobility competitor while Uber , Lyft and even DoorDash are likely to integrate AVs into their networks to reduce driver costs," Post said. "Simultaneously, Amazon , Walmart , UPS , and others, are expected to modernize supply chain logistics with autonomous trucking," he added. Bank of America estimates that Amazon could enjoy up to $4.

 

Vielen Dank für Ihren Kommentar.Ihr Kommentar wird nach Prüfung veröffentlicht.

Mobileye

Boom? 😳 not yet they haven’t really solved it yet

CNBC Investing Club w/Cramer portfolio down 19.69% year to date. S&P 500 down 16.70% ytd. All you basically need to know. Do not subscribe. Jim costs you $$. Why pay $299 to $499 subscription for consistently poor performance all year?

Wir haben diese Nachrichten zusammengefasst, damit Sie sie schnell lesen können. Wenn Sie sich für die Nachrichten interessieren, können Sie den vollständigen Text hier lesen. Weiterlesen:

 /  🏆 12. in DE

Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen

Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.

These stocks could have the most to gain from peaking inflation, Bank of America saysAs inflation cools, some stocks are poised to get a boost, according to an analysis from Bank of America.
Herkunft: CNBC - 🏆 12. / 72 Weiterlesen »