"And while GM’s self-driving EV business, GM Cruise, may offer long-term upside to valuation, Yanoshik believes that unit is less likely to be a catalyst for the stock in the year ahead, as investor appetite for autonomous-driving companies has diminished of late. GM’s stock has lost 4.2% over the past three months."
I think investor appetite is diminished due to finding the clear leader in the space... Tesla! Additionally, Nvidia stock price has gone up almost 41% over the last month.
"And while GM’s self-driving EV business, GM Cruise, may offer long-term upside to valuation, Yanoshik believes that unit is less likely to be a catalyst for the stock in the year ahead, as investor appetite for autonomous-driving companies has diminished of late. GM’s stock has lost 4.2% over the past three months."
I think investor appetite is diminished due to finding the clear leader in the space... Tesla! Additionally, Nvidia stock price has gone up almost 41% over the last month.
Source:
https://www.marketwatch.com/amp/story/tesla-has-fallen-enough-to-start-buying-berenberg-says-11675084412 🤖🧡