Power Trends+: Is This Technology Finally Ready for Prime Time – and Profits?
RJ Hamster
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October 9, 2024
Power Trends+: Is This Technology Finally Ready for Prime Time – and Profits?
I love talking about transformative technology because it’s incredibly cool, can improve our everyday lives, and opens up massive investment opportunities.
The challenge is often figuring out when these technologies are ready for prime time. They tend to progress slowly at first – sometimes longer than anticipated – before snowballing.
AI anyone?
At a much-anticipated event tomorrow, Tesla (TSLA) will announce its self-driving taxi – or “Cybercab” as it’s called. It could very well signal the ready-for-prime-time inflection point for self-driving vehicles.
Robotaxis already exist, and while I haven’t personally ridden in one, my colleague Luke Lango has. Luke is a Senior Analyst at InvestorPlace, and he has also been all over researching the technology and potential investments in this transformative trend, so I invited him to talk with us about it in this week’s Power Trends+ video.
In fact, Luke recently held a special briefing to discuss recent developments in the autonomous vehicle industry, look ahead to upcoming developments like the Robotaxi launch, and even unveil a playbook of what he believes are some of the best AV tech supplier stocks to buy right now. You can watch the replay here.
We had a great discussion diving into the potential impact of AVs on transportation, the three business pillars for autonomous vehicles, and a variety of possible investments – from direct plays to hardware and software suppliers.
I even fired up my Quantum Edge system to analyze several of the stocks.
Click here or on the image below to watch and get yourself up to speed on this important trend at this important juncture.
I always enjoy talking with Luke. I hope you enjoy the discussion as well, and you might want to take notes to help you in your research.
And if you want to see the video we mention of Luke riding in a robotaxi – it’s very cool – you can find it here.
Stay tuned for more Power Trends+ videos coming your way soon. As always, make sure to send in stocks you would like us to analyze, as well as any comments and questions. Email me at jasonqe@tradesmith.com.
