3 Must-Own Stocks for the Driverless Vehicle Revolution

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QuantumScape ›The advancement of Artificial Intelligence (AI), sensor technology, and electric vehicles will drive growth in what could become an explosive, lucrative market in the long term: driverless vehicles. The story is just beginning to unfold for a driverless vehicle market estimated to reach a market size valued at over $13 trillion by 2030. If you're looking to jump on this bandwagon early, here are three tantalizing stocks to consider.Ambarella's (NASDAQ: AMBA) systems-on-chip (SoC) offer immense processing power to extract valuable data from high-resolution video and radar streams. Its products are used in a wide range of applications, including advanced driver assistance systems (ADAS), driver/cabin monitoring, autonomous driving, and robotics, among others.It's what the company calls edge AI that should have investors excited. Edge AI refers to the company's products designed for on-device, or "edge" artificial intelligence applications, and the company sees two driving forces behind the market: the Internet of Things (IoT) and automotive. Ambarella's Serviceable Addressable Market (SAM) is expected to more than double from $5.5 billion in fiscal 2026 to $12.9 billion in fiscal 2031.Many automotive safety and telematics applications now use AI inferencing technology, which increases the utility of drive recorders, e-mirrors, driver and occupant monitoring, and ADAS, which will drive growth for Ambarella. As driverless vehicles slowly launch us to a wildly different world of transportation, Ambarella should be well positioned to carve out its piece of a growing pie.Nvidia (NASDAQ: NVDA) is the pioneer of GPU-accelerated computing, and its products act as the brain of computers, robots, and yes, even driverless vehicles. In October, the company made an announcement that signaled to investors that the company is continuing to dive into the driverless vehicle opportunity.Image source: Getty Images.More specifically, Nvidia announced it would partner with Uber Technologies to scale the world's largest level 4-ready mobility network. The idea is for Nvidia to enable faster growth across the level 4 autonomous ecosystem and to support Uber in scaling its global autonomous fleet to 100,000 vehicles over time, beginning in 2027.Terms and Privacy PolicyPrivacy & Cookie SettingsMore InfoS&P Futures6,804.75 +51.00 (+0.76%)Dow Futures47,199.00 +114.00 (+0.24%)Nasdaq Futures25,489.50 +323.25 (+1.28%)Russell 2000 Futures2,458.80 +18.20 (+0.75%)VIX19.08 -19.50 (-50.54%)Gold4,062.50 +52.70 (+1.31%)PortfolioSign in to access your portfolioSign inTop gainersGMED Globus Medical, Inc. 83.89 +22.18 (+35.94%)FROG JFrog Ltd. 60.00 +12.74 (+26.96%)EOSE Eos Energy Enterprises, Inc. 18.26 +2.97 (+19.42%)OS OneStream, Inc. 22.74 +3.66 (+19.18%)EXPE Expedia Group, Inc. 258.25 +38.55 (+17.55%)Top losersUI Ubiquiti Inc. 612.19 -147.38 (-19.40%)PRMB Primo Brands Corporation 14.46 -3.24 (-18.31%)RUN Sunrun Inc. 17.13 -3.29 (-16.11%)DIOD Diodes Incorporated 44.28 -7.53 (-14.53%)DOCS Doximity, Inc. 54.29 -8.29 (-13.25%)Most activeNVDA NVIDIA Corporation 188.15 +0.07 (+0.04%)OPEN Opendoor Technologies Inc. 6.56 0.00 (0.00%)ACHR Archer Aviation Inc. 8.18 -0.70 (-7.88%)PFE Pfizer Inc. 24.43 +0.01 (+0.04%)PLUG Plug Power Inc. 2.6500 +0.1400 (+5.58%)Earnings eventsMy earnings eventsEarnings eventsTrending tickersBTC-USD Bitcoin USD 106,235.80 +4,319.90 (+4.24%)XRP-USD XRP USD 2.46 +0.19 (+8.33%)ETH-USD Ethereum USD 3,609.71 +204.15 (+5.99%)BYND Beyond Meat, Inc. 1.3900 +0.2000 (+16.81%)BMNR Bitmine Immersion Technologies, Inc. 40.23 +2.86 (+7.65%)Top economic events