STOCK MARKET: GM-Microsoft Deal Is a Blockbuster for Self-Driving Cars—and Good News for GM’s Stock
Full disclosure: I do not currently own any of the stocks mentioned in this article, nor do I intend to buy any of them in the near future.
Disclaimer: Nothing in this seed is intended to be a recommendation to buy or sell any particular stock. Investing in the stocks can be risky, and result in the loss of some or all of your invested capital.
S E E D E D C O N T E N T
An investment by Microsoft in GM’s self-driving car company Cruise has GM stock rising Tuesday.
“This is a big deal,” Benchmark analyst Mike Ward tells Barron’s. “The No. 1 software firm invested in GM’s autonomous driving technology.” That’s a big vote of confidence for Ward. It also resets GM’s valuation. He rates GM stock Buy and has a $51 price target for shares.
The news is also good for Google parent Alphabet (GOOGL), which owns Waymo. The Wall Street consensus is that Waymo has leading self-driving technology.
Autonomous-driving news is coming at investors fast and furious lately. At the annual CES last week, parts supplier Aptiv (APTV) announced its new computing architecture for self-driving cars. What investors have learned is that autonomous technology is making real gains.
Chinese EV makers NIO (NIO) and XPeng (XPEV) also made self-driving announcements recently. NIO hosted its annual NIO day earlier this month, where it launched a new sedan due in 2022 as well as reviewing its self-driving technology. Last week, XPeng announced enhancements to its self-driving features it calls XPILOT.
What investors have learned is that autonomous technology is making real gains. Self-driving taxis may make appearances in cities during 2023 or 2024
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Autonomous-driving news is coming at investors fast and furious lately. At the annual CES last week, parts supplier Aptiv (APTV) announced its new computing architecture for self-driving cars. What investors have learned is that autonomous technology is making real gains.
“This is a big deal,” Benchmark analyst Mike Ward tells Barron’s. “The No. 1 software firm invested in GM’s autonomous driving technology.”
That’s a big vote of confidence for Ward. It also resets GM’s valuation. He rates GM stock Buy and has a $51 price target for shares.
The news is also good for Google parent Alphabet (GOOGL), which owns Waymo. The Wall Street consensus is that Waymo has leading self-driving technology.
What investors have learned is that autonomous technology is making real gains. Self-driving taxis may make appearances in cities during 2023 or 2024.
Self driving cars will be here much sooner than many people realize!
You get an "A" !
You get an "A" !
Will have to take a hard look at MRNA tomorrow, possibly convert it to GM and just hold on to it.
As they might say "On The Street (re: MRNA):
The good news is already "baked in" to the stock....
I used to own it...sold it for only a moderate profit....sold it too soon...
Also owned an interesting ETF: "ETFMG Treatments, Testing and Advancements ETF (GERM)" which I sold for a pretty good profit.
Bought TDOC which I still like ... but may trim a bit soon.
Another way to play it, a strategy some people like: when you have a big profit sell half (or even a smaller amount) take some profits, raise cash.. then invest the money in something else.
Of course there are several good possibilities (I am not advocating either
I already own 100 shares of GM
IIRC it didn't do much for quite a while...then recently really took off.
You are correct.
GM has missed s-o-o-o many curves... It's hard to imagine they'll be leaders in anything.