CES 2019: Flying Cars & Supercomputers on Wheels
The last quarter of 2018 battered technology stocks, but things are looking bright in 2019.
That’s my take after spending this week in Las Vegas attending the Consumer Electronics Show.
As I wrote Wednesday, the Super Bowl of tech conferences started off a bit muted, but by the following day things started to pick up steam.
That said, unlike some past shows, I still would describe this year’s event as being more evolutionary than revolutionary.
But that’s fine.
Cool Tech or Real Moneymakers?
Concepts and prototypes don’t make tech stocks money. Quality products that are accepted by consumers do. Revolutionary ideas need to evolve and mature in order to enter the mainstream.
I saw plenty of that.
But for the most immediately actionable ideas I’m looking back at an industry we have circled around for the better part of two years.
And after waiting for this industry’s tipping point, I believe we’re truly on the verge now in 2019.
Self-Driving Vehicles (Your Immediate Opportunities)
The relentless competition to develop practical, safe autonomous-driving technology is fueling a new wave of potential tech profits this year.
Cars are on their way to becoming the most powerful computers people will own, bristling with high technology present in sensors, processors, communication equipment and more.
Take a look at some of the concepts I saw below:
This means there could be a boon for pick-and-shovel plays within the driverless, flying and electric vehicle trends.
The move into driverless systems requires massive amounts of advanced hardware, which in turn should be great for the semi stocks this year.
Flying systems like the Bell offering below will need even more advanced hardware and software.
Plus, car-to-car and, one day, car-to-road interconnectivity will become “must-haves” for these systems to operate safely. This will be fueled by new advances in the internet of things (IoT).
This opens up the floodgates for sensing equipment plays, smart glass makers, 5G infrastructure, IoT tech, smart cities and a ton of advanced software.
As driverless cars make the move to the mainstream this year, these industries should outperform nicely for folks claiming their stakes.
2019 is going to be an exciting year for driverless car tech.
Now on to your daily pot industry news.
Ray’s Cannabis Corner
You might be surprised to hear this, but I’m looking forward to some failure this year in the pot industry. Why failure, you ask?
Institutional capital is a lot more scarce today thanks to a winter sell-off that has had investors spooked. That’s a healthy thing for the industry.
It’s normal to see leaders take the reins as an industry matures. Amazon.com survived the dot-com bubble — Pets.com (and scores more) didn’t. We’ll focus on the Amazons.
For Technology Profits Daily,
Chief Technology Expert, Technology Profits Daily