Market Mad House

In individuals, insanity is rare; but in groups, parties, nations and epochs, it is the rule. Friedrich Nietzsche

Bosch Ltd (NYSE: BOSCHLTD)

Opportunities

Daimler, Bosch and NVIDIA team up for Robot Taxi

Predictably, up to 25 companies signed onto NVIDIA’s robot taxi effort, a press release indicates. The organizations in NVIDIA’s driverless taxi effort range from startups like NuTonomy and Yandex to the world’s oldest automaker; Daimler, and Volkswagen (ETR: VOW3) one of the world’s largest automakers.

The market for driverless taxis will be huge if Bosch, Daimler, and NVIDIA can get them to work. Even if regulators refuse to allow robot taxis on the streets, the technology will have many other uses.

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