"Software-defined car" is popular, these concept stocks you need to know!
Apple, Alphabet-C, Amazon, Qualcomm, Micron Tech, AMBA, BlackBerry, Arm, Harman.
Car manufacturers are pushing forward with "software-defined cars," and here are the suppliers that help achieve this goal.
The $4 trillion automotive industry is undergoing three major transformations at the same time.
Two of them—the rise of electric vehicles and the gradual emergence of autonomous driving—have attracted most of the attention. But the third may be even more powerful: cars are becoming computers on wheels.
This is not to diminish the importance of electric and autonomous vehicles.
But progress in this area will be measured over decades, while car manufacturers are pushing forward with "software-defined cars" today—allowing cars to be upgraded and improved instantly, like smartphones.
As Apple and Alphabet-C compete with car manufacturers for dominance in the driver's seat, investors don't have to take sides.
