NVIDIA Loss Leads to D20 Drop

Even though price gainers outnumbered price losers 11 to nine, a 4-percent drop by NVIDIA (NVDA) led to an overall drop for the Driverless Transportation Weekly Stock Index (D20) this week.

The D20 stepped back from an all-time high after three consecutive weeks of gains by losing 0.2 percent of its value, closing at 226.18. The Dow and S&P 500 followed suit by losing ground as well. The Dow lost 0.9 percent and the S&P 500 gave back 0.6 percent to close at 2461.43.

NVIDIA’s 4-percent share price drop was the primary reason the D20 lost ground this week.  Now at 23.7 percent of the D20’s total value due to its 560-percent rise over the past 18 months, NVIDIA lost $6.77 per share and closed at $163.69 this week.  Even small movements in NVIDIA’s share price seem to move the D20 value considerably.

Daimler AG (DDAIF), the parent of Mercedes-Benz, was the D20’s price percentage gain leader this week. Its share price jumped 6.1 percent as rumors swirled that it is considering a structural organization change that would separate its truck and bus unit.

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

Up-and-Comers:

LiDAR maker Innoviz has secured a $65-million Series B investment, led by D20 components Delphi Automotive (DLPH) and Magna International (MGA). The money will reportedly be used to prepare for large-scale production planned for 2019.  Innoviz’s LiDAR designs use solid-state components and no moving parts, which should make their systems less costly and more reliable than current systems on the market from companies like Velodyne.

Lyft and Drive.ai have teamed up for a pilot of self-driving cars in San Francisco. Founded in 2015, Drive.ai is a Bay Area-based developer of artificial intelligence software for driverless vehicles that uses deep learning algorithms.

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