NVIDIA Steps Back, and the D20 Takes a Dive
Eight price gainers couldn’t undo the damage that 12 losers inflicted on The Driverless Transportation Weekly Stock Index (D20) this week.
The D20 lost 2.1 percent, falling to 163.43, as the Dow edged up 0.1 percent and the S&P 500 lost 1 percent.
NVIDIA (NVDA) took a rare large step backward this week, losing 6 percent of its value and closing at $88.45. It had to happen sooner or later, because the stock has been on a tear. Since Oct. 14th’s close at $65.99, NVIDIA’s stock price rose to a peak of $94.16 on Nov. 25th, a 43-percent price gain in only six weeks.
Other key losers were Tesla (TSLA), which lost 7.7 percent, and Mobileye (MBLY), which dropped 6.8 percent.
Visit the Driverless Transportation D20 Stock Index page to learn more about it and its component stocks.
Up-and-Comers:
A new electric car company called Lucid Motors has announced that it will begin building its manufacturing center in Casa Grande, Arizona in 2017. Their first car, a four-door sedan, is targeted for production in 2018.
Starship Technologies’ autonomous delivery robots have scored another partner, JustEat. JustEat is using the small six-wheeled autonomous delivery vehicles in the Greenwich section of London to deliver take-out.