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12 Best Autonomous Driving Stocks To Buy Now

In this piece, we will take a look at the 12 best autonomous driving stocks to buy now. If you want to skip our overview of autonomous driving and how it’s one of the most important sectors today especially when we consider the hype surrounding artificial intelligence, then you can take a look at the 5 Best Autonomous Driving Stocks To Buy Now.

The biggest trend in the stock market these days is artificial intelligence. While data science has been an industry for years, artificial intelligence has come to the public’s attention only because of OpenAI’s massive success with ChatGPT. Before ChatGPT became available for public use, data science was primarily used in industrial cases such as supply chain management, drug and vaccine development, fraud detection, and others.

Another application that relies heavily on data science is autonomous driving. Autonomous driving is the technology that relies on a computer to aid a driver while they’re on the road, and the industry has been able to progress quite a bit over the past couple of years. In fact, the same drivers of the A.I. wave, i.e. semiconductors designed and sold by firms such as NVIDIA Corporation and Advanced Micro Devices, Inc. (NASDAQ:AMD), are also behind the rapid progress of autonomous driving systems.

These systems are made by public and private companies, and the former are traded on the stock markets as autonomous driving stocks. Autonomous driving stocks are those companies whose hardware or software is present in autonomous driving systems, or whose business operations are indispensable to the functioning of the autonomous driving industry. The potential of car makers to continuously gather data from every vehicle as it is being driven and then use this data to train algorithms that are capable of making driving decisions on their own has proven to be quite beneficial to autonomous driving stocks.

In fact, the world’s most valuable car maker in terms of market capitalization, the Austin, Texas based electric vehicle manufacturer Tesla, Inc. (NASDAQ:TSLA) owes, some, if not most, of its market value to the simple fact that the firm’s first principles driven approach led by its chief Elon Musk has enabled it to also operate as a technology company. This has made Tesla the world’s most valuable autonomous driving stock, and the firm’s massive market capitalization of $588 billion is based on its production systems and the massive amounts of data it has at its disposal to train its autonomous driving product, the Tesla Full Self Driving (FSD) platform.

However, while Tesla’s FSD continues to remain functional and operational despite the daily dose of controversy surrounding it, 2024 has also seen some other autonomous driving stocks struggle. One such autonomous driving stock is General Motors Company (NYSE:GM), whose Cruise autonomous driving system underwent a tragic accident in October last year that led California to pull its permits. Since then, a crucial GM update provided in January 2024 has created uncertainty about Cruise’s future, and some quarters worry whether it will be able to regain compliance by the end of this year, especially after having laid off 25% of its workforce.

Since Tesla’s FSD is in a world of its own, its rivals such as GM compete with each other. Another mega cap stock that is also an autonomous driving stock is none other than the consumer technology behemoth Alphabet Inc. (NASDAQ:GOOGL). Now structured as a holding company that makes money from or funds the losses of a variety of lucrative business, one such Alphabet division is Waymo. When it comes to California, Waymoe and Cruise account for 99% of the test driving miles in 2023. And now, as Cruise’s future becomes uncertain, Waymo has the ‘road clear’ when it comes to develop autonomous driving technologies.

As for Cruise, here is what General Motors had to say during the firm’s latest earnings call:

Our plan 2024 investment in Cruise reflects our more deliberate and cadence go-to-market strategy and we are developing new financial targets and a new roadmap. Spending will be down considerably this year, but we will continue to invest in the people who are advancing the software, specialized hardware, and AI capabilities. This reflects our commitment to our vision, which is to deliver the safety benefits of self-driving technology and a scalable, profitable business. I look forward to sharing our timetable for returning Cruise EVs to the road soon. To summarize, we learned a lot in 2023, and those learnings are helping us build our strengths and addressing our challenges. Everyone on the team is committed to building on our momentum and creating shareholding value.

You’ll see in our proxy statement this spring, executive compensation is tied even more closely to delivering our comprehensive ICE, EV, AV, and software plans, while meeting our financial targets. So our goals are truly aligned with yours. Before I turn the call over to Paul, I would like to share some thoughts about our next Investor Day. Because of the significant changes that are underway at GM and Cruise, we think it makes sense to wait until later in the year to host an event. This will give our software team the time to focus on software for our upcoming launches, and we will be able to share more tangible proof points on all four pillars of our strategy, ICE, EV, AV, and software. When we do get together, we will show you what we’ve done, not just tell you what we’re going to do.

With these details in mind, let’s take a look at the best autonomous driving stocks to buy. Some top autonomous driving stocks are Alphabet Inc. (NASDAQ:GOOGL), NVIDIA Corporation (NASDAQ:NVDA), and Microsoft Corporation (NASDAQ:MSFT).

An auto warehouse filled with newly acquired used cars.

Our Methodology

To make our list of the best autonomous driving stocks to buy, we ranked the top 20 autonomous driving stock holdings of the Global X Autonomous & Electric Vehicles ETF by the number of hedge funds that had bought the shares during Q3 2023. Out of these, the top stocks were selected.

For these best autonomous driving stocks, we used hedge fund sentiment. Hedge funds’ top 10 consensus stock picks outperformed the S&P 500 Index by more than 140 percentage points over the last 10 years (see the details here). That’s why we pay very close attention to this often-ignored indicator.

12 Best Autonomous Driving Stocks To Buy Now

12. Aptiv PLC (NYSE:APTV)

Number of Hedge Fund Shareholders In Q3 2023: 38

Aptiv PLC (NYSE:APTV) is a backend car company that makes and sells products that are used in autonomous driving systems. After posting strong fourth quarter of 2023 financial results that saw it beat analyst profit estimates, Aptiv PLC (NYSE:APTV)  also announced that it is reducing its stake in a joint venture with Hyundai after having bled money for quite a while.

In the previous quarter, Insider Monkey’s survey covering 910 hedge funds revealed that 38 had held a stake in Aptiv PLC (NYSE:APTV). Ian Simm’s Impax Asset Management was the firm’s largest shareholder due to its $668 million investment.

Along with Alphabet Inc. (NASDAQ:GOOGL), NVIDIA Corporation (NASDAQ:NVDA), and Microsoft Corporation (NASDAQ:MSFT), Aptiv PLC (NYSE:APTV) is a top autonomous driving stock.

11. NXP Semiconductors N.V. (NASDAQ:NXPI)

Number of Hedge Fund Shareholders In Q3 2023: 41

NXP Semiconductors N.V. (NASDAQ:NXPI) is a Dutch semiconductor company that makes and sells chips such as processors and controllers. This makes it an autonomous driving stock since the products are indispensable to any self driving system. The shares are rated Buy on average and the average analyst share price target is $233.84.

As of September 2023 end, 41 out of the 910 hedge funds tracked by Insider Monkey were the firm’s shareholders. NXP Semiconductors N.V. (NASDAQ:NXPI)’s biggest investor in our database is Robert Rodriguez and Steven Romick’s First Pacific Advisors LLC as it owns $157 million worth of shares.

10. Ford Motor Company (NYSE:F)

Number of Hedge Fund Shareholders In Q3 2023: 43

Ford Motor Company (NYSE:F) is one of the biggest car companies in the world and part of America’s big three. The firm has several self driving projects, including those being tested for military use and operational in the U.K. Its latest sales report saw electric vehicle sales drop in the U.S. at a time when traditional cars manage to weather the tough economy.

By the end of last year’s third quarter, 53 out of the 910 hedge funds profiled by Insider Monkey had bought and owned Ford Motor Company (NYSE:F)’s shares. Ken Fisher’s Fisher Asset Management was the largest shareholder through its $690 million stake.

9. ON Semiconductor Corporation (NASDAQ:ON)

Number of Hedge Fund Shareholders In Q3 2023: 53

ON Semiconductor Corporation (NASDAQ:ON) is an American semiconductor firm headquartered in Scottsdale, Arizona. Despite a slowdown in the chip industry, the firm has been doing well on the financial front as of late since it has beaten analyst EPS estimates in all four of its latest quarters.

Insider Monkey dug through 910 hedge fund portfolios for their third quarter of 2023 shareholdings and found that 53 had invested in the firm. ON Semiconductor Corporation (NASDAQ:ON)’s biggest hedge fund investor is Ken Griffin’s Citadel Investment Group due to its $232 million stake.

8. General Motors Company (NYSE:GM)

Number of Hedge Fund Shareholders In Q3 2023: 66

General Motors Company (NYSE:GM) is another major American traditional car company. It’s also one of the biggest autonomous driving stocks in the U.S., but recent regulatory troubles have put the division’s future in doubt.

During September 2023, out of the 90 hedge funds tracked by Insider Monkey, 66 had held a stake in General Motors Company (NYSE:GM). Natixis Global Asset Management’s Harris Associates was the biggest shareholder, owning 35 million shares that are worth $1.1 billion.

7. QUALCOMM Incorporated (NASDAQ:QCOM)

Number of Hedge Fund Shareholders In Q3 2023: 67

QUALCOMM Incorporated (NASDAQ:QCOM) is an American chip designer that makes and sells GPUs and other products used in autonomous driving cars. Its earnings report for the fourth quarter was a strong set of results that saw QUALCOMM Incorporated (NASDAQ:QCOM) beat analyst EPS estimates by a robust 25%.

By the end of 2023’s third quarter, 67 out of the 910 hedge funds profiled by Insider Monkey were the firm’s investors. QUALCOMM Incorporated (NASDAQ:QCOM)’s largest hedge fund stakeholder is John Overdeck and David Siegel’s Two Sigma Advisors through its $362 million investment.

6. Intel Corporation (NASDAQ:INTC)

Number of Hedge Fund Shareholders In Q3 2023: 70

Intel Corporation (NASDAQ:INTC) is the world’s biggest semiconductor company that also has a sizeable presence in the autonomous driving industry through its Mobileye subsidiary. However troubles with maintaining a technological lead in the industry have led analysts to be cautious, as Intel Corporation (NASDAQ:INTC)’s shares are rated Hold on average.

70 out of the 910 hedge funds covered by Insider Monkey’s Q3 2023 research had bought Intel Corporation (NASDAQ:INTC)’s shares. William B. Gray’s Orbis Investment Management was the biggest investor courtesy of its $468 million stake.

NVIDIA Corporation (NASDAQ:NVDA), Intel Corporation (NASDAQ:INTC), Alphabet Inc. (NASDAQ:GOOGL), and Microsoft Corporation (NASDAQ:MSFT) are some best autonomous driving stocks according to hedge funds.

Click here to continue reading and check out 5 Best Autonomous Driving Stocks To Buy Now.

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Disclosure: None. 12 Best Autonomous Driving Stocks To Buy Now is originally published on Insider Monkey.

AI, Tariffs, Nuclear Power: One Undervalued Stock Connects ALL the Dots (Before It Explodes!)

Artificial intelligence is the greatest investment opportunity of our lifetime. The time to invest in groundbreaking AI is now, and this stock is a steal!

AI is eating the world—and the machines behind it are ravenous.

Each ChatGPT query, each model update, each robotic breakthrough consumes massive amounts of energy. In fact, AI is already pushing global power grids to the brink.

Wall Street is pouring hundreds of billions into artificial intelligence—training smarter chatbots, automating industries, and building the digital future. But there’s one urgent question few are asking:

Where will all of that energy come from?

AI is the most electricity-hungry technology ever invented. Each data center powering large language models like ChatGPT consumes as much energy as a small city. And it’s about to get worse.

Even Sam Altman, the founder of OpenAI, issued a stark warning:

“The future of AI depends on an energy breakthrough.”

Elon Musk was even more blunt:

“AI will run out of electricity by next year.”

As the world chases faster, smarter machines, a hidden crisis is emerging behind the scenes. Power grids are strained. Electricity prices are rising. Utilities are scrambling to expand capacity.

And that’s where the real opportunity lies…

One little-known company—almost entirely overlooked by most AI investors—could be the ultimate backdoor play. It’s not a chipmaker. It’s not a cloud platform. But it might be the most important AI stock in the US owns critical energy infrastructure assets positioned to feed the coming AI energy spike.

As demand from AI data centers explodes, this company is gearing up to profit from the most valuable commodity in the digital age: electricity.

The “Toll Booth” Operator of the AI Energy Boom

  • It owns critical nuclear energy infrastructure assets, positioning it at the heart of America’s next-generation power strategy.
  • It’s one of the only global companies capable of executing large-scale, complex EPC (engineering, procurement, and construction) projects across oil, gas, renewable fuels, and industrial infrastructure.
  • It plays a pivotal role in U.S. LNG exportation—a sector about to explode under President Trump’s renewed “America First” energy doctrine.

Trump has made it clear: Europe and U.S. allies must buy American LNG.

And our company sits in the toll booth—collecting fees on every drop exported.

But that’s not all…

As Trump’s proposed tariffs push American manufacturers to bring their operations back home, this company will be first in line to rebuild, retrofit, and reengineer those facilities.

AI. Energy. Tariffs. Onshoring. This One Company Ties It All Together.

While the world is distracted by flashy AI tickers, a few smart investors are quietly scooping up shares of the one company powering it all from behind the scenes.

AI needs energy. Energy needs infrastructure.

And infrastructure needs a builder with experience, scale, and execution.

This company has its finger in every pie—and Wall Street is just starting to notice.

Wall Street is noticing this company also because it is quietly riding all of these tailwinds—without the sky-high valuation.

While most energy and utility firms are buried under mountains of debt and coughing up hefty interest payments just to appease bondholders…

This company is completely debt-free.

In fact, it’s sitting on a war chest of cash—equal to nearly one-third of its entire market cap.

It also owns a huge equity stake in another red-hot AI play, giving investors indirect exposure to multiple AI growth engines without paying a premium.

And here’s what the smart money has started whispering…

The Hedge Fund Secret That’s Starting to Leak Out

This stock is so off-the-radar, so absurdly undervalued, that some of the most secretive hedge fund managers in the world have begun pitching it at closed-door investment summits.

They’re sharing it quietly, away from the cameras, to rooms full of ultra-wealthy clients.

Why? Because excluding cash and investments, this company is trading at less than 7 times earnings.

And that’s for a business tied to:

  • The AI infrastructure supercycle
  • The onshoring boom driven by Trump-era tariffs
  • A surge in U.S. LNG exports
  • And a unique footprint in nuclear energy—the future of clean, reliable power

You simply won’t find another AI and energy stock this cheap… with this much upside.

This isn’t a hype stock. It’s not riding on hope.

It’s delivering real cash flows, owns critical infrastructure, and holds stakes in other major growth stories.

This is your chance to get in before the rockets take off!

Disruption is the New Name of the Game: Let’s face it, complacency breeds stagnation.

AI is the ultimate disruptor, and it’s shaking the foundations of traditional industries.

The companies that embrace AI will thrive, while the dinosaurs clinging to outdated methods will be left in the dust.

As an investor, you want to be on the side of the winners, and AI is the winning ticket.

The Talent Pool is Overflowing: The world’s brightest minds are flocking to AI.

From computer scientists to mathematicians, the next generation of innovators is pouring its energy into this field.

This influx of talent guarantees a constant stream of groundbreaking ideas and rapid advancements.

By investing in AI, you’re essentially backing the future.

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A New Dawn is Coming to U.S. Stocks

I work for one of the largest independent financial publishers in the world – representing over 1 million people in 148 countries.

We’re independently funding today’s broadcast to address something on the mind of every investor in America right now…

Should I put my money in Artificial Intelligence?

Here to answer that for us… and give away his No. 1 free AI recommendation… is 50-year Wall Street titan, Marc Chaikin.

Marc’s been a trader, stockbroker, and analyst. He was the head of the options department at a major brokerage firm and is a sought-after expert for CNBC, Fox Business, Barron’s, and Yahoo! Finance…

But what Marc’s most known for is his award-winning stock-rating system. Which determines whether a stock could shoot sky-high in the next three to six months… or come crashing down.

That’s why Marc’s work appears in every Bloomberg and Reuters terminal on the planet…

And is still used by hundreds of banks, hedge funds, and brokerages to track the billions of dollars flowing in and out of stocks each day.

He’s used this system to survive nine bear markets… create three new indices for the Nasdaq… and even predict the brutal bear market of 2022, 90 days in advance.

Click to continue reading…