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3 Monster Driverless Car Stocks to Buy and Hold for Potentially Lucrative Returns
Yahoo Financeยท 2025-10-12 17:00
Group 1: Autonomous Vehicle Market Overview - The global driverless vehicle market was approximately $106 billion in 2021 and is projected to exceed $2.3 trillion by the end of the decade [2] - Investors are exploring ways to capitalize on the growth of the driverless vehicle sector [2] Group 2: Nvidia's Position - Nvidia is recognized for its significant gains and holds a strong position in graphics processing units (GPUs), hardware, software, and networking tools, particularly in the AI sector [3] - The company's automotive business is anticipated to grow at a 20% compound annual growth rate, reaching nearly $11 billion by fiscal 2035 [4] - Nvidia is positioned as a key player in the driverless vehicle market due to its advanced processing power requirements [5] Group 3: Texas Instruments' Role - Texas Instruments generates about 95% of its revenue from semiconductors and is the largest manufacturer of analog chips [6] - The demand for high-quality analog chips and microcontrollers in the automotive sector is expected to remain strong, particularly for driverless vehicles [7] - Texas Instruments' products are seen as a long-term choice for automakers due to the longevity of driverless vehicles compared to other products [7] Group 4: Future Technologies - QuantumScape is mentioned for its next-generation solid-state batteries, which could be essential for powering future driverless electric vehicles [8]