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3 Stocks in Focus Post Intel - Waymo Autonomous Vehicle Deal
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Intel Corporation (INTC - Free Report) is expanding its footprint in the self-driving vehicle market. Per Reuters, the company recently revealed collaboration with Alphabet’s (GOOGL - Free Report) self-driving car unit Waymo.
Intel worked with Waymo on the design of its computer platform that enabled autonomous cars to process information in real time. Moreover, Waymo used Intel’s technology for sensor processing, general compute and connectivity in its Chrysler Pacifica hybrid minivans. The company has been using Intel products since 2009.
We believe that the collaboration provides a win-win situation for both Intel and Alphabet in the rapidly growing self driving vehicle market.
Per Boston Consulting Group’s (BCG) estimates, the autonomous car market will be worth $42 billion by 2025 and $77 billion by 2035. Moreover, by 2035, more than 12 million fully autonomous and 18 million partially autonomous cars are expected to be sold per year globally.
Alphabet & Intel: A Winning Combination
Alphabet through Waymo has been accelerating its push in the self-driving vehicle space predominantly through partnerships with the likes of Intel. Apart from its plans of deploying 600 vehicles from its existing partner, Fiat Chrysler Automobiles, Waymo is working on a self-driving vehicle partner program with Lyft. The company is also in talks with Honda Motors to include its vehicles in its fleet.
Meanwhile, Intel is no more regarded as a laggard in the self-driving vehicle space. The acquisition of MobilEye now enables this Zacks Rank #3 (Hold) stock to offer almost anything related to self-driving vehicles – cameras, in-car networking, sensor-chips, roadway mapping, cloud software, machine learning and data management.
Moreover, in August, the chip-maker announced plans to build 100 “level 4” vehicles to test its self-driving technology. The company also partners automotive manufacturers like BMW and Fiat Chrysler.
Intel also formed the Automotive Edge Computing Consortium that aims at developing an ecosystem for connected cars to support emerging services such as intelligent driving, the creation of maps with real-time data and driving assistance based on cloud computing.
We believe that Alphabet’s expertise in data collection, storing and analyzing through the effective usage of Artificial Intelligence (AI) tools make it a formidable player in the self-driving space. This coupled with Intel’s advanced computing platform as well as sensor product portfolio can be a game-changer for self-driving vehicles market in the long haul.
The Intel-Waymo collaboration can actually help in making self-driving vehicles a reality much faster than anticipated by market research firms and analysts. Per market IHS, autonomous car sales will hit 21 million by 2035, at a CAGR of 43% between 2025 and 2035. In the United States, it is anticipated to be 4.5 million autonomous vehicles by 2035.
3 Stocks in Focus Post the Revelation
The revelation of Intel-Waymo collaboration significantly impacts the self-driving vehicle market dynamics in our view. Here, we focus on three stocks that can get impacted by intensifying competition from the Intel-Alphabet combination in the race to launch the first fully automated vehicles.
NVIDIA Corporation (NVDA - Free Report) – NVIDIA powerful graphic processor units (GPUs), machine learning dominance and map-related collaborations are key positives. Moreover, partnerships with Volkswagen, Honda, Tesla Motors, Audi, Volvo, Mercedes-Benz, Toyota, BMW and Bosch make it a formidable force in the market.
Qualcomm Inc. (QCOM - Free Report) – The completion of the NXP Semiconductors acquisition will significantly benefit Qualocmm. NXP is the biggest supplier of automotive chips worldwide. The transaction will place Qualcomm in the second position after Intel in terms of sales in the broader global semiconductor market.
Moreover, the company recently unveiled a new chipset — the C-V2X (Cellular Vehicle-to-Everything) that compliments Advanced Driver Assistance Systems (ADAs) sensors like camera and radar.
Apple Inc. (AAPL - Free Report) - Apple has acknowledged its interest in self-driving vehicles and has been investing heavily in machine learning and automation.
Reportedly, Apple is testing its self-driving technology with its employee ferry vehicles. The effort codenamed PAIL (Palo Alto to Infinite Loop - Apple’s office) will shuttle Apple employees to its various offices located in the Silicon Valley. Reportedly, 5K employees use the company shuttle to travel to work.
With news stories about computer hacking and identity theft becoming increasingly commonplace, the cybersecurity industry looks like a promising investment opportunity. But which stocks should you buy? Zacks just released Cybersecurity: An Investor’s Guide to Locking Down Profits to help answer this question.
This new Special Report gives you the information you need to make well-informed investment choices in this space. More importantly, it also highlights 4 cybersecurity picks with strong profit potential.
Image: Bigstock
3 Stocks in Focus Post Intel - Waymo Autonomous Vehicle Deal
Intel Corporation (INTC - Free Report) is expanding its footprint in the self-driving vehicle market. Per Reuters, the company recently revealed collaboration with Alphabet’s (GOOGL - Free Report) self-driving car unit Waymo.
Intel worked with Waymo on the design of its computer platform that enabled autonomous cars to process information in real time. Moreover, Waymo used Intel’s technology for sensor processing, general compute and connectivity in its Chrysler Pacifica hybrid minivans. The company has been using Intel products since 2009.
We believe that the collaboration provides a win-win situation for both Intel and Alphabet in the rapidly growing self driving vehicle market.
Per Boston Consulting Group’s (BCG) estimates, the autonomous car market will be worth $42 billion by 2025 and $77 billion by 2035. Moreover, by 2035, more than 12 million fully autonomous and 18 million partially autonomous cars are expected to be sold per year globally.
Alphabet & Intel: A Winning Combination
Alphabet through Waymo has been accelerating its push in the self-driving vehicle space predominantly through partnerships with the likes of Intel. Apart from its plans of deploying 600 vehicles from its existing partner, Fiat Chrysler Automobiles, Waymo is working on a self-driving vehicle partner program with Lyft. The company is also in talks with Honda Motors to include its vehicles in its fleet.
Meanwhile, Intel is no more regarded as a laggard in the self-driving vehicle space. The acquisition of MobilEye now enables this Zacks Rank #3 (Hold) stock to offer almost anything related to self-driving vehicles – cameras, in-car networking, sensor-chips, roadway mapping, cloud software, machine learning and data management.
Moreover, in August, the chip-maker announced plans to build 100 “level 4” vehicles to test its self-driving technology. The company also partners automotive manufacturers like BMW and Fiat Chrysler.
Intel also formed the Automotive Edge Computing Consortium that aims at developing an ecosystem for connected cars to support emerging services such as intelligent driving, the creation of maps with real-time data and driving assistance based on cloud computing.
We believe that Alphabet’s expertise in data collection, storing and analyzing through the effective usage of Artificial Intelligence (AI) tools make it a formidable player in the self-driving space. This coupled with Intel’s advanced computing platform as well as sensor product portfolio can be a game-changer for self-driving vehicles market in the long haul.
The Intel-Waymo collaboration can actually help in making self-driving vehicles a reality much faster than anticipated by market research firms and analysts. Per market IHS, autonomous car sales will hit 21 million by 2035, at a CAGR of 43% between 2025 and 2035. In the United States, it is anticipated to be 4.5 million autonomous vehicles by 2035.
3 Stocks in Focus Post the Revelation
The revelation of Intel-Waymo collaboration significantly impacts the self-driving vehicle market dynamics in our view. Here, we focus on three stocks that can get impacted by intensifying competition from the Intel-Alphabet combination in the race to launch the first fully automated vehicles.
NVIDIA Corporation (NVDA - Free Report) – NVIDIA powerful graphic processor units (GPUs), machine learning dominance and map-related collaborations are key positives. Moreover, partnerships with Volkswagen, Honda, Tesla Motors, Audi, Volvo, Mercedes-Benz, Toyota, BMW and Bosch make it a formidable force in the market.
The stock sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
NVIDIA Corporation Price and Consensus
NVIDIA Corporation Price and Consensus | NVIDIA Corporation Quote
Qualcomm Inc. (QCOM - Free Report) – The completion of the NXP Semiconductors acquisition will significantly benefit Qualocmm. NXP is the biggest supplier of automotive chips worldwide. The transaction will place Qualcomm in the second position after Intel in terms of sales in the broader global semiconductor market.
Moreover, the company recently unveiled a new chipset — the C-V2X (Cellular Vehicle-to-Everything) that compliments Advanced Driver Assistance Systems (ADAs) sensors like camera and radar.
Qualcomm carries a Zacks Rank #3 (Hold).
QUALCOMM Incorporated Price and Consensus
QUALCOMM Incorporated Price and Consensus | QUALCOMM Incorporated Quote
Apple Inc. (AAPL - Free Report) - Apple has acknowledged its interest in self-driving vehicles and has been investing heavily in machine learning and automation.
Reportedly, Apple is testing its self-driving technology with its employee ferry vehicles. The effort codenamed PAIL (Palo Alto to Infinite Loop - Apple’s office) will shuttle Apple employees to its various offices located in the Silicon Valley. Reportedly, 5K employees use the company shuttle to travel to work.
Apple has a Zacks Rank #3.
Apple Inc. Price and Consensus
Apple Inc. Price and Consensus | Apple Inc. Quote
4 Promising Stock Picks to Keep an Eye On
With news stories about computer hacking and identity theft becoming increasingly commonplace, the cybersecurity industry looks like a promising investment opportunity. But which stocks should you buy? Zacks just released Cybersecurity: An Investor’s Guide to Locking Down Profits to help answer this question.
This new Special Report gives you the information you need to make well-informed investment choices in this space. More importantly, it also highlights 4 cybersecurity picks with strong profit potential.
Get the new Investing Guide now>>