NVIDIA (NVDA) has passed a significant milestone. Since the Driverless Transportation Stock Index (D20) was re-calibrated in August of 2015, NVIDIA has grown its market value a whopping ten times. A thousand dollars of NVIDIA stock purchased in August of 2015 at $22.73 a share, is now valued at more than ten thousand dollars with a share of its stock price now worth $230.11. After market analysts continue to praise the stock this week, NVIDIA was up 3.3 percent or $7.35 this week making it, a D20 leading, 26.7 percent of the index.
2018 has only been positive for the D20, as thirteen price gainers out-dueled seven price losers to help the index to its third consecutive week of gains. The D20’s 0.9 percent gain matched the Dow’s 1.0 percent value bump and the S&P 500’s 0.9 percent climb.
After announcing an agreement to supply driverless buses to Singapore in 2019, Volvo AB’s stock (STO:VOLV-B) jumped 4.5 percent to close at SEK 165.3 and be the D20 leading price percentage leader. At the other end of the spectrum, Ford (F) dropped, a D20 leading, 9.3 percent this week to close at $12 a share on disappointing earnings guidance.
Visit the Driverless Transportation D20 Stock Index page to learn more about it and its component stocks.
One year old Pony.ai, the brain child of James Peng and Tiancheng Lou, has raised $112 million in Series A venture round to build a fully Driverless car. Peng, who hails from Baidu, got his introduction to driverless vehicles when Baidu, the Chinese Search giant, launched an autonomous project. Lou got his start in driverless technology unit at Google, before that unit became Waymo. Their goal is to build and offer a complete driverless vehicle, not just components or sub-systems.
Mapbox absorbs another mapping company to continue its effort in competing with D20 components, Google Maps (GOOG) and TomTom (TOM2), building mapping applications. Mapbox acquired the developers behind the Mapzen Vahalla Project when that open source project ran into funding difficulties. Since 2012, Mapbox has raised $227 million dollars in four rounds of venture funding.