With services from its DRIVE platform, Nvidia (NASDAQ: NVDA) is making strides in the intelligent car market. Carmakers are taking note as well, praising high-level AI that can predict traffic and even avert accidents. With its new cooperation with the chipmaker, Jaguar Land Rover has been able to tap into the power of AI. The new DRIVE Hyperion 8 technology is intended to perform all ordinary driving operations and will be deployed in future design models beginning in 2025. (Nvidia-Jaguar Deal Revs Up)

Automobile makers have acknowledged that these developments must occur soon. The DGX supercomputers from Nvidia and the DRIVE Sim software for training AI models are extremely powerful. They may also be updated without having to start from scratch or physically upgrade your AI car.

“Fleets of software-defined, programmable cars will provide new features and services for the duration of the vehicles’ lives.” “We are excited to collaborate with Jaguar Land Rover to reinvent the future of mobility and produce the most advanced cars,” Nvidia CEO Jensen Huang said in a statement announcing the arrangement earlier this month.

The Nvidia Drive Hyperion 8 has a multitude of techniques to identify road obstacles, including 12 cameras, nine radar sensors, and four lidar sensors. It might compete with Intel’s (NASDAQ: INTC) soon-to-be-spun-off Mobileye subsidiary.

Jaguar Land Rover has stated that it intends to incorporate all of these new technologies into all of its cars. Drivers will also have the choice to use these technologies, which include autonomous parking and sophisticated driving skills.

Given the announcement, here are five stocks in driverless cars that can help fuel your portfolio as the field evolves:

• Tesla (NASDAQ: TSLA)
• Ford Motor Company’s (NYSE: F)
• Alphabet (NASDAQ: GOOG, NASDAQ: GOOGL)
• Texas Instruments (NASDAQ: TXN)
• ChargePoint (NYSE: CHPT)

Stocks of Autonomous Vehicles: Tesla (TSLA)

With Autopilot, Tesla is paving the road for self-driving automobiles. This system can change lanes and stop at traffic signals autonomously, allowing people to take a back seat while technology performs all of the work.

The future is bright – Tesla has already accomplished more than many other businesses in this industry can aspire or anticipate to achieve in their whole time working on AI-powered vehicles.

Tesla vehicles include some of the most advanced technology to enable Autopilot features and complete self-driving capabilities – but only through software upgrades that increase capability over time. Tesla Autopilot allows your car’s computer to take over the majority of the driving procedure. It can do everything, even changing lanes and speeding up on its own. If you see something ahead, it can safely stop the automobile, making this equipment ideal for someone who has difficulty taking control of a vehicle.

Overall, establishing a bright future is essential for every business. Tesla has been around for a long time. And it does not appear to be going away anytime soon. TSLA shares plummeted after the business reported its fourth-quarter earnings. Since then, the stock has struggled along. However, the firm has global success stories and accomplishes its objectives, so it is an excellent moment to invest in the stock.

Ford Motor Company (F)

Ford has built some of the greatest automobiles in history, which are still regarded as excellent, particularly for their iconic design. They are also one of the most recognizable corporations in the world, having a solid reputation. Ford is still a pioneer in the automobile business today. Investors in the vehicle industry, on the other hand, are beginning to modify their tastes.

When it comes to investing in automobile firms, there are two extremes. On the one hand, Tesla is struggling to meet up with demand, despite the fact that their newest model was recently introduced. The electric car industry is expanding rapidly and is particularly enticing to those seeking a greener future.

Certain industry analysts, on the other hand, think that established automakers, like Ford, will be unable to compete with new technology in the coming years. However, if you focus on Ford’s present endeavors, you will see that the historic auto firm is looking ahead.

For example, in a world where automakers are turning greener to stay viable, Ford has taken the lead and set a goal of having 40% of its fleet electrified by 2030.

Separately, Ford has made significant investments in the development of self-driving cars that drivers may use for personal or public transportation. AI is also being used by the corporation to produce safer and more efficient cars for their manufacturing process. Since announcing that investment a year ago, F stock has increased in value by over 40%.

Ford is partnering with Lyft (NASDAQ: LYFT) and Argo AI to introduce self-driving vehicles. Ford and Lyft will collaborate to offer their self-driving vehicles to the public. Argo is now testing its vehicles in Austin, Palo Alto, and Detroit in preparation for a national launch. Expect Ford’s strategic orientation to be validated as well.

Alphabetical List of Autonomous Vehicles Stocks (GOOG, GOOGL)

Alphabet is a global business based in California that was formed in 1998 by Larry Page and Sergey Brin. It is a search engine and online advertising firm that also offers cloud computing and software.

The parent company of Google has managed to diversify its offers across industries by supplying both hardware and software items in addition to services. It is also one of the world’s most diverse businesses. As a result, it’s hardly surprising that Alphabet is investing in self-driving automobiles.

Google is working on self-driving cars on a long-term basis. They’ve been testing these automobiles on highways around the country, which has assisted them in designing and developing stronger algorithms for their AI research. This allows it to boost processing rates and, as a result, make more effective use of resources.

Waymo, a Google subsidiary specializing in the development of self-driving cars, has the potential to become one of the company’s most successful ventures. It has the potential to transform transportation. It’s safe enough for every situation, from commuting via congested roadways to touring city streets or your neighborhood.

Waymo also has the potential to become a big player in self-driving taxis, which would launch them into a completely new market and provide GOOGL stock investors with massive rewards.

Taking everything into consideration, Alphabet is a fantastic tech company that has been a popular investment for several years. Many people who invest in this firm feel quite confident and safe as long as they buy their shares before the price rises.

Texas Instruments (TXN)

Texas Instruments is a firm that designs and manufactures semiconductor devices. It was established in 1951 and has since evolved to become the world’s second-largest maker of semiconductor devices. It is a multibillion-dollar corporation that is constantly expanding.

Texas Instruments’ revenue in 2021 is expected to be $18 billion, up from $14.5 billion the previous year. Texas Instruments has earned more than $14 billion in sales from the analog business, with an additional $3 billion from its embedded processor segment.

Texas Instruments is a corporation that has recently focused its efforts on the automobile sector, utilizing its new and revolutionary analog chips. They can enable your vehicle’s sensors to “see” the surroundings and supply you with all the information you need to generate strong digital outputs.

The automobile business is a prime illustration of how technology has altered and improved many parts of our lives. However, as technology evolves, output rates might become constrained.

Integrating the Internet of Things (IoT) into physical buildings is one response to the issues of changing work environments. This has begun to occur and has proven to be quite advantageous in a variety of areas.

Cars today frequently rely on data from other sources. Cars, like other gadgets and add-ons, perform better when this data is used. The firm is a pioneer in the technology used in entertainment systems. And they’ve been working on future advancements for a long time.

As a result, the semiconductor business will benefit greatly from driverless automobiles. Texas Instruments expects to gain from this trend as well. As a result, TXN stock is one of the greatest autonomous car stocks available.

Stocks of Autonomous Vehicles: ChargePoint Holdings (CHPT)

ChargePoint is an electric car charging station provider. They are in the process of spreading their services to additional cities and nations.

As self-driving cars become increasingly popular across the country, there will be an increase in demand for charging infrastructure. This is an excellent moment to observe what is going on and maybe capitalize on this industry trend.

Autonomous cars fascinate me. However, they can’t go very far without recharging their batteries. The arrival of plugless charging will change the way we charge our automobiles and self-driving vehicles. Instead of often returning to their home base, robot taxis can readily charge anywhere.

ChargePoint has been able to expand throughout the years due to its strong emphasis on customer care. With over 18,000 stations worldwide, it is the largest and most popular electric car charging network. As a result, the firm is in an excellent position to capitalize, making it one of the top stocks for autonomous cars.

However, keep in mind that the firm is still in its early stages. ChargePoint reported a quarterly loss of $69.4 million in the fiscal third quarter, which was above analysts’ forecasts and was higher than the previous year’s loss of $40.9 million. As a result, you must be patient with CHPT stock.

Faizan Farooque did not own (directly or indirectly) any positions in the securities mentioned in this article as of the publishing date. The author’s views are stated in this article, which is subject to the InvestorPlace.com Publishing Guidelines.

Faizan Farooque writes for InvestorPlace.com and a number of other financial websites. Faizan has several years of stock market analysis expertise and was formerly a data journalist at S&P Global Market Intelligence. His work may be seen on InvestorPlace and TipRanks.