CES Buzz Helps D20 Top Dow and S&P 500

The buzz generated at the 2017 Consumer Electronics Show (CES) by companies displaying their driverless prototypes helped push the Driverless Transportation Weekly Stock Index (D20) to a new all-time high of 178.22.

Its gain of 2.4 percent more than doubled the Dow’s 1-percent bump and was better than the S&P’s 1.7-percent jump.

Many of the D20 automakers were at CES to demonstrate their driverless prototypes, or to announce partnerships or the desire to create one. With Delphi (DLPH), NVIDIA (NVDA), Renesas (TYO:6732) and Valeo (VLEEY) as exhibitors in the “Self-Driving Technology Marketplace,” CES 2017 looked more like a traditional car show than the Consumer Electronics Show that started 50 years ago in 1967 in New York City.

Nineteen price gainers and only one loser, NVIDIA, guaranteed that the D20 would advance. The price percentage leader for the D20 was Tesla (TSLA), which jumped $15.32 per share, or 7.2 percent, to close at $229.01 after announcing that they missed their 2016 production targets by almost 5 percent. When Tesla shoots for the moon and misses by 5 percent, they still get rewarded.

Visit the Driverless Transportation D20 Stock Index page to learn more about it and its component stocks.

Up-and-Comers:

CrowdAI, an artificial-intelligence-as-a-service provider, has raised $2 million dollars to further its efforts to provide this service-combining computer vision and image recognition.  CrowdAI provides high-quality annotated images that should enable autonomous vehicle and drone manufacturers to model and build their AI-based scenario recognition systems more quickly.