Reported about 17 hours ago
Amazon.com, Inc. (AMZN) has been identified as the fifth-best self-driving car stock according to analysts, highlighting its significant investment in autonomous vehicle technology through its acquisition of the ride-hailing startup Zoox and its Amazon Web Services (AWS) cloud platform. The autonomous vehicle market is experiencing rapid growth, projected to reach $68.09 billion in 2024 and continue expanding at a 19.9% CAGR through 2030. Despite technical and regulatory challenges, the demand for autonomous driving solutions is escalating, positioning AMZN as a key player in this evolving industry.
Source: YAHOO