NVIDIA Crushes Earnings, Jumpstarts D20 Stock Index

A fair balance of 11 price gainers and nine losers could not hold the D20 Stock Index (D20) in check this past week.

NVIDIA (NVDA) shocked the markets in a good way and announced a 53.6-percent growth in year-over-year third-quarter earnings and beat analysts’ revenue estimates by more than $300 million. Its stock price shot up 30 percent, blasting off from $67.57 and hitting an all-time high before ending the week at $87.92.

NVIDIA’s outsized gains drove the D20 up 5.1 percent to a near all-time high of 162.41.

Both the Dow Jones Industrial Average and the S&P 500 had good weeks as well.  The Dow gained 5.4 percent while the S&P 500 closed at 2164.45, up 3.8 percent.

Other notable gainers were Ford (F), up 8.3 percent; General Motors (GM), up 9.2 percent; and TomTom (TOM2), up 14.3 percent.  Nissan (NSANY) was the D20’s largest price-percentage loser, dropping 7.5 percent to end the week at $18.18.

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

 

Up-and-Comers:

Oryx, an Israeli start-up named after a species of antelope found in Africa and the Middle East, has secured funding to commercialize a “coherent optical radar system” for autonomous vehicles. The system will compete with more traditional lidar systems and is targeted to be less expensive. Oryx employees hope to overcome one of lidar’s primary shortcomings, of being able to be blinded by bright sunlight.