Traders Eye Benefits Of Apple Car

Traders are busy gambling what suppliers and manufacturers could benefit from Apple’s autonomous car project.

Aeva Technologies is up 6.36% and Innoviz Technologies is 4.32% higher. Both stocks also jumped up yesterday when the Apple’s car story found its way to news headlines and the companies were viewed as potential suppliers. Ouster is also remarkably higher.

Aurora Innovation is higher by 30.4%, Arrival gained 7.6%), Lucid Group leaped by 10.9%), Rivian Automotive is higher 8.3%), Hyzon Motors recorded +8.5%) and Fisker rose 6.7%.

Markets watch to know who will get the call to be a partner. On the industry impact, Apple’s potential autonomous car is called the ultimate EV bear case by Morgan Stanley.

News reports also said that Apple has technologically become closer to Tesla on AI necessary for the proposed autonomous car.