Huge Jump By NVIDIA Rockets D20 Over 200 Mark
NVIDIA (NVDA) and only six other price gainers were enough to push the Driverless Transportation Weekly Stock Index (D20) past the 200 mark this week.
The D20 added 6.76 points to climb above the 200 mark and close the week at 204.85.
The D20’s 3.4-percent jump easily beat the Dow’s 0.5-percent loss and the S&P 500’s 0.3-percent dip.
NVIDIA’s fiscal 2018 Q1 announcement that it posted 48 percent year-over-year growth in revenue and 144 percent year-over-year growth in GAAP net income energized the market into frenzied buying.
NVIDIA’s stock leapt this week from $103.86 to $127.89, a 23.1-percent gain. NVIDIA continues to make Automotive one of its strategic sectors, with joint announcements with Bosch; to building a self-driving car computer; to PACCAR, a global truck manufacturer; to exploring driverless technology.
NVIDIA’s year-long growth spurt has made it the most valuable stock in the D20 portfolio. NVIDIA now makes up more than 20 percent of the D20 index.
Visit the Driverless Transportation D20 Stock Index page to learn more about it and its component stocks.
Up-and-Comers:
Lucid Motors is focusing on building electric cars that are designed with driverless ride-sharing in mind. The first model, called the Lucid Air, is scheduled to go on sale in 2019 with features that focus on the passenger as well as the driver. Lucid envisions a transition phase in the next few years, where its electric cars migrate from manually driven to fully autonomous.