Automated Car Firms Draw Investors

For the third consecutive week, the Driverless Transportation (D20) Stock Index outperformed the Dow Jones Industrial Average and the S&P 500. The stock index for automated vehicle technology added 0.8 percent to finish the week at 163.53 while the Dow mustered a 0.3 percent gain and the S&P was virtually unchanged. The D20 saw 10 gainers and 10 losers.

Leading the D20 this week was Nvidia (NVDA), rising 7.5 percent and finishing near a 52-week high at $33.75. Nvidia has been on a tear, growing 69 percent since late July when it dipped under $20 per share. Analysts are applauding Nvidia’s product focus on graphics processing units (GPUs) and predict that its stock price will continue to grow.

Other significant gainers this week were TomTom (TOM2), up 3.5 percent, Renesas (TYO: 6732), rising 5.5 percent, and Volkswagen (VLKPY), continuing its rebound with an increase of nearly 6 percent for the week. D20 component stocks on the downside were three vehicle manufacturers, Nissan (NSANY), Ford (F), and Swedish truck manufacturer Volvo (VOLVY), with each losing more than 2 percent of their value.

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