The race for artificial intelligence is one of the biggest gold mines in the global economy and the technology sector. The development of better models can spur growth in unrelated areas that most investors haven’t seen coming. One of these areas is autonomous driving, where a few companies are making breakthroughs that were seen as impossible a couple of years ago.
Despite this new technology already seeing decent volume and adoption, Wall Street is not really betting on the companies at the helm of this revolution, but rather the ones that will explicitly benefit from its introduction (the shovels instead of the gold, so to speak). This is why big valuation boosts just came in for Uber Technologies Inc. (NYSE: UBER), as a bet that the stock will keep reaching higher prices in the coming months.
