Oh, self-driving car, when will thou be fully autonomous?
Cars that drive themselves, by themselves, have long been hoped for. And with recent advancements in the development of self-driving technologies, the hope of having fully autonomous vehicles running the show on our roads is becoming more realistic by the day.
According to a J.D. Power survey, auto and tech industry experts predicted it will be at least a decade from now before fully autonomous vehicles are being sold to private buyers.
Back in 2010, tech companies promised the world that fully functional self-driving cars would be on the road by 2020. And in 2015, the Guardian predicted that ‘in 2020, you’ll be a permanent backseat driver’. It’s now a decade after Google unveiled an autonomous car prototype and we are still a long way from having the real thing.
Nonetheless, there is notable progress in the development of self-driving technologies, however, slow progress. Especially with Alphabet’s Waymo and Tesla leading the way in the development of the tech.
Many cars with semi-autonomous features (level 4 autonomous vehicles) are currently being sold to private buyers. And this is getting investors and enthusiasts excited about the prospects of self-driving.
Check out: The Top Self-driving Truck Stocks
Companies like Telsa that are heavily involved in the development of self-driving technologies have seen overvaluation in the private and public market as a direct result of their role in developing the tech. This, if anything, points out the faith of investors in the self-driving market.
Of a truth, fully self-driving technology far ahead, however, a lot of companies are currently making billions of dollars from the market today. Here are the best self-driving stocks to buy and hold for the long-term.
As an investor looking to play in the self-driving market, there are many ways to invest in the market. One of which is; investing in the self-driving chip market. If self-driving cars (semi or fully functional) are to be made, self-driving chips are to be sold.
Therefore, if you are looking for self-driving chip stocks, here are 3 best self-driving car chip stocks to consider:
1. NVIDIA Corporation (NVDA)
NVIDIA Corporation operates as a visual computing company worldwide. It operates in two segments, GPU and Tegra Processor.
The GPU segment offers processors, which include GeForce for PC gaming and mainstream PCs; GeForce NOW for cloud-based gaming; Quadro for design professionals working in computer-aided design, video editing, special effects, and other creative applications; Tesla for artificial intelligence (AI) utilizing deep learning, accelerated computing, and general purpose computing; GRID, which provides power of NVIDIA graphics through the cloud and datacenters; DGX for AI scientists, researchers, and developers; and EGX for accelerated AI computing at the edge.
The Tegra Processor segment provides processors comprising SHIELD devices and services designed to harness the power of mobile-cloud to revolutionize home entertainment, AI, and gaming; AGX, a power-efficient AI computing platform for intelligent edge devices; DRIVE AGX for self-driving vehicles; Clara AGX for medical instruments; and Jetson AGX for robotics and other embedded use.
The company’s products are used in gaming, professional visualization, datacenter, and automotive markets. NVIDIA Corporation sells its products to original equipment manufacturers, original device manufacturers, system builders, add-in board manufacturers, retailers/distributors, Internet and cloud service providers, automotive manufacturers and tier-1 automotive suppliers, mapping companies, start-ups, and other ecosystem participants.
NVIDIA Corporation was founded in 1993 and is headquartered in Santa Clara, California.
2. Qualcomm (QCOM)
QUALCOMM Incorporated designs, develops, manufactures, and markets digital communication products worldwide. It operates through three segments: Qualcomm CDMA Technologies (QCT); Qualcomm Technology Licensing (QTL); and Qualcomm Strategic Initiatives (QSI).
The QCT segment develops and supplies integrated circuits and system software based on code division multiple access (CDMA), orthogonal frequency division multiple access, and other technologies for use in wireless voice and data communications, networking, application processing, multimedia, and global positioning system products. This segment also provides products designed for the implementation of small cells.
The QTL segment grants licenses or provides rights to use portions of its intellectual property portfolio, which include various patent rights useful in the manufacture and sale of wireless products comprising products implementing CDMA2000, wideband CDMA, CDMA time division duplex, long term evolution, and/or fifth generation standards and their derivatives.
The QSI segment invests in early-stage companies in various industries, including artificial intelligence, automotive, digital healthcare, enterprise software and solutions, mobile and networking and investment for supporting the design and introduction of new products and services for voice and data communications, and new industry segments.
The company also provides development, and other services and related products to the United States government agencies and their contractors.
QUALCOMM Incorporated was founded in 1985 and is headquartered in San Diego, California.
3. Intel Corporation (INTC)
Intel Corporation provides computing, networking, data storage, and communication solutions worldwide.
It operates through Data Center Group, Internet of Things Group, Non-Volatile Memory Solutions Group, Programmable Solutions Group, Client Computing Group, and All Other segments.
The company offers platform products, such as CPU and chipset, system-on-chip, and multichip package products for cloud, enterprise, and communication infrastructure markets.
It also provides NAND flash memory and DC persistent products for enterprise and cloud-based data centers, and users of business and consumer desktops and laptops; programmable semiconductors, such as field-programmable gate arrays, application-specific integrated circuits, and related products for communications, data center, industrial, and military markets; and various processors for notebooks, mobiles, and desktop PCs.
In addition, it offers boards and systems, such as server boards and small form factor systems; and connectivity products for cellular modems, Ethernet controllers, silicon photonics, Wi-Fi, and Bluetooth.
Further, the company develops computer vision and machine learning- based sensing, data analysis, localization, mapping, and driving policy technologies for advanced driver assistance systems and autonomous driving.
It serves original equipment manufacturers, original design manufacturers, industrial and communication equipment manufacturers, and cloud service providers.
The company was founded in 1968 and is headquartered in Santa Clara, California.