NVIDIA Leads D20 to Another Record High, Solidifies Its Place as Index’s Best-Performing Stock of 2016

Eleven price losers out of 20 stocks couldn’t hold the Driverless Transportation’s Weekly Stock Index (D20) back as it gained 1.54 points to close at a new record high of 174.12, led largely by another big gain from NVIDIA.

The D20’s 0.9-percent gain outperformed the Dow, which gained 0.4 percent to close at 19843.41 and the S&P 500, which remained virtually unchanged at 2258.07.

NVIDIA (NVDA), which rocketed 9.36 percent to close at more than $100 per share at $100.41. For a little perspective, on Feb. 12, 2016 it closed at $25.73. In 10 months, NVIDIA has grown more than 290 percent, making it by far the leading stock in the D20’s portfolio for 2016.

After being last week’s percentage price leader, Delphi (DLPH) fell back to Earth and was the D20’s percentage price loser this week.  Delphi lost 4.8 percent of its value and closed at $68.10.

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

Up-and-Comers:

Velodyne has announced plans to introduce a solid-state LiDAR design that should bring costs of the system to around $50 per car when manufactured at volume. The solid-state design allows the device to have fewer moving parts, which will in turn increase reliability and reduce the overall size.

LiDAR continues to be one of the best options for driverless car designers to use as a highly accurate and precise sensor of stationary and moving objects around the vehicle.