Nvidia Powers D20 Index Gain

Leading Graphics Processing Unit provider Nvidia (NVDA) almost single-handedly powers the D20 to a slight gain despite losers outnumbering gainers almost two to one.

The Driverless Transportation (D20) Stock Index eked out a gain of 0.3 percent last week, closing Friday at 143.80. Nvidia soared on a whopping 16 percent price increase, finishing up $5.65 to $40.98. The dramatic jump happened after Nvidia announced quarterly revenue and earnings results that beat expectations due to Tesla’s (TSLA) growing demand for Nvidia’s chips. Nvidia’s stock price has risen 88 percent since September 4, 2015, making it the leading price gainer for the D20.

The Dow dropped 1.2 percent to close at 17535.32 and the S&P 500 lost 0.5 percent to end the week at 2046.61, marking one of the rare weeks this year when the D20 went in an opposite direction from the Dow and S&P. Mobileye (MBLY) was up 4.4 percent on rumors that it had inked two more deals to help a major automaker create driverless cars. Nissan (NSANY) was up 4 percent on news that it plans to acquire 34 percent of troubled Mitsubishi.

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