This week marked a new all-time high for NVIDIA (NVDA), whose stock price soared 7.3 percent to close at $194.59 a share after the company unveiled its new Pegasus AI computer, which is designed for driverless vehicles.
The license plate-sized computer is 10 times more powerful than its predecessor, the NVIDIA Drive PX 2, and is driven by four high-performance, GPU-embedded AI processors.
Thanks to the incredible performance by NVIDIA, the Driverless Transportation Weekly Stock Index (D20) jumped 1.7 percent to 256.36, its fifth consecutive weekly gain.
As a percentage of value, the D20 has now beaten or tied the Dow and S&P 500 for eight straight weeks. The Dow increased 0.4 percent and closed at 2871.72 this week, while the S&P 500 inched up to 2553.17, a 0.2-percent gain.
In other D20 news, after gaining 75 percent in the last five weeks, BYD Company’s (BYDDY) stock reversed itself and was the D20’s leading price-percentage loser last week. It lost 4.1 percent and closed at $20.11 as rumors subsided about China mandating all vehicles be electric–like those made by BYD–in some of its cities.
Visit the Driverless Transportation D20 Stock Index page to learn more about it and its component stocks.
Velodyne, the most established LiDAR manufacturer, has announced that they have quadrupled production capacity of their high-performance LiDAR sensors to meet growing demand. This production increase was made possible by Velodyne’s investment in a 200,000-square-foot mega-factory in San Jose, California.
In other LiDAR news, General Motor’s (GM) driverless division, Cruise, has acquired Strobe, a LiDAR sensor maker which, while trying to reduce cost and complexity, has reduced its LiDAR sensor array to one chip.