NVIDIA Falls Back, Leading D20 Stock Index to Small Loss

Powered down by NVIDIA (NVDA), the Driverless Transportation Weekly Stock Index (D20) slipped 0.1 percent and closed the week at 185.49, down 0.15 points. NVIDIA was the D20’s largest percentage loser this week, dropping $6.39, or 5.6 percent, to close at $107.23.

NVIDIA’s setback this week is somewhat understandable. Its stock has been on a tear over the last year. On Feb. 19, 2016 it opened at $29.88. It has closed as high as $119.13 in recent weeks, so a little profit-taking is to be expected.

Both the Dow Jones Industrial Average and S&P 500 Index outperformed the D20 this week.  The Dow gained 1.7 percent while the S&P rose 1.5 percent to close at 2351.16.

Two D20 constituents have announced a partnership. Volkswagen (VLKPY) and Mobileye (MBLY) have agreed to have Mobileye’s Road Experience Management (REM) mapping services integrated in VW-branded vehicles beginning in 2018. The announcement seems to have helped Mobileye’s stock, which jumped 5.38 percent last week to close at $45.65, its highest point since Sept. 9, 2016.

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

 

Up-and-Comers:

Peloton Technology has announced that it will begin to accept and fill orders for its Class 8 truck platooning system during 2017. These platoons will consist of two trucks only, and will be based on V2V communications and radar, enabling the lead truck to see about a 4.5-percent fuel savings, and the following truck to save about 10 percent. Both drivers will need to be fully engaged in driving while platooning, though, as the system works much like hyper-sensitive adaptive cruise control.