3 Monster Driverless Car Stocks to Buy and Hold for Potentially Lucrative Returns
The autonomous vehicle market is poised for explosive growth, with projections suggesting a leap from $106 billion in 2021 to $2.3 trillion by 2030. Nvidia stands out as a key player, leveraging its dominance in GPUs and AI to fuel advancements in driverless technology. The company's automotive segment is anticipated to grow at a 20% CAGR, reaching $11 billion by fiscal 2035.
Investors eyeing this sector should consider the intersection of AI and automotive innovation, where processing power becomes a critical competitive edge. Nvidia's entrenched position in hardware and software ecosystems makes it a compelling long-term bet.