2 Stocks That Could Soar, Driven by Billions From Software Innovations. Hint: They Aren't Even Tech Stocks.
Key takeaways
- NVDA GM RIVN The automotive industry has long been plagued with negative narratives.
- In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia.
- Toward the end of 2024, Rivian and Volkswagen partnered to develop a state-of-the-art, software-defined-vehicle (SDV) architecture that could be used across the duo's vehicle portfolios.
NVDA GM RIVN The automotive industry has long been plagued with negative narratives. A primary example is that operations are capital intensive and leave automakers with thin margins, which hurts earnings potential and valuations.
But the automotive industry is evolving rapidly to include more software and technology to power automated driving features, advanced infotainment solutions, and over-the-air updates that can lower costs due to no required service center visits -- all while improving the driving experience.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »