Cars Getting Into Software? How?
The future of transportation is becoming increasingly driven (no pun intended) by technology. Most auto companies are investing in software to create-self driving vehicles and ride-hailing and sharing services. General Motors Co. (GM) - Get General Motors Company Report is working on a self-driving, ride hailing-service, with plans for launch by next year. Daimler AG (DMLRY) is working on something similar. Of course, these automakers will have to compete against the cash spend from Uber Technologies Inc., which has been valued at $120 billion.
GM will issue earnings on Oct. 31. Will management update the market on the progress of its ride-hailing plans? Will GM, and other auto companies, match Uber dollar for dollar?
What Does This Do for Nvidia?
Does the upside for Nvidia Corp.'s
autonomous car chip business look even better now?
to accomplish some of its new ventures in the changing auto space.
, a 13% year-over-year gain, so added customers like Daimler could add some power to that segment. Longer-term, the autonomous driving market could reach $36 billion by 2025, according to Statista, and Nvidia is sure to supply much of the semiconductor equipment needed to power vehicles. Nvidia reports earnings Nov. 15, which TheStreet will cover extensively. Management is likely to comment on Nvidia's role in chipmaking for autonomous driving.
CBS's Parsons Steps Down From Board
stabilizer, Richard Parsons, interim chairman, said he was stepping down because of illness, less than two months after Les Moonves exited CBS. Strauss Zelnick, a board member for just a month, will become interim chairman. Zelnick is currently CEO of Take-Two Interactive Software Inc.
, the $14 billion video gaming giant. What is the future of CBS leadership? How will CBS shares react? In premarket trading on Monday, the stock was down a little more than 1%.