Delphi, Magna International Help D20 Reach Lifetime Record High

With both the Dow Jones Industrial Average and the S&P 500 Index hitting all-time highs this week, the Driverless Transportation Weekly Stock Index (D20) had a high bar to overcome.

Both indexes gained 3.1 percent for the week with the Dow ending at 19756.85 and the S&P closing at 2259.53.  Two price losers could not hold back 18 gainers for the D20 as the index jumped 5.6 percent to close at a lifetime high record of 172.57.

Notable gainers were traditional automotive parts manufacturer, Delphi Automotive (DLPH), which added a whopping 12.2 percent to close at $71.52; and Canada’s Magna International (MGA), which jumped 11.5 percent to end the week at $46.93.

The only two D20 losers were the Chinese electric vehicle manufacturer, BYD Company (BYDDY), which lost 3.9 percent, and the Israeli driverless technology firm, Mobileye (MBLY), which lost 1.7 percent.

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

Up-and-Comers:

Uber has acquired Geometric Intelligence to bolster its artificial intelligence (AI) capabilities.  Geometric Intelligence is a start-up founded by academic researchers with AI experience who have been focusing on solving object and situation recognition problems with less than the normal amount of data available.

Blackmore Sensors and Analytics of Bozeman, Montana has raised $3.5M in a Series A Round to take their LIDAR technology, developed for the military and other industrial uses, and adapt it to the driverless vehicle market.  Blackmore’s LIDAR design uses frequency modulation versus the amplitude modulation strategy that most systems use for driverless vehicles.  Everyone knows that on the radio, FM has higher sound quality than AM, and it’s a similar improvement that Blackmore is aiming for.