The grandaddy of the American auto industry is now fully embracing 21st Century digital tech.
And on the flipside, Silicon Valley is taking its well-earned place at the heart of the new and modern auto industry
See, cars today are basically computers running on four wheels and equipped with a drivetrain.
But the software drivers use to interact with their in-dash displays are often very clunky. It’s been a problem because they run on proprietary software that can’t keep up with Silicon Valley’s ace coders.
So, Ford Motor Co. (F) is getting a software makeover. The nation’s oldest carmaker has announced it will equip its vehicle displays with a suite of Android apps from Alphabet Inc. (GOOGL) starting in 2023.
And while I applaud this move, I think there is a much better way to cash in on the $13 billion auto software market growing at 15% a year.
It’s a firm that trades at a fraction of GOOGL’s $1,900 share price.
We’re in the midst of a massive tech upgrade cycle that’s virtually flying under the radar, even though it has the potential to affect nearly every home in America.
You see, it’s a move that will affect billions of smartphones, tablets, and laptops. According to Pew Research, more than 80% of Americans own a smartphone, and nearly 75% of adults own either a desktop or laptop.
On top of that, this breakthrough will reach even further by affecting millions of television sets and electronic signs, not to mention your car’s infotainment screen that displays maps and other vital data.
And this will all be possible thanks to OLED, or organic light-emitting diode, technology, a breakthrough that will greatly improve the user experience.
Right now, this technology is working its way through the global electronics supply chain.
In fact, LG Electronics recently debuted a transparent TV, the new state of the art in that field. That breakthrough would not be possible without OLED.
It’s funny – with vaccines rolling out and stores starting to open as lockdowns ease, you’d think one of the hottest market trends over the past year – e-commerce – would start to slow, too.
But that’s not the case.
The Covid-19 pandemic shifted e-commerce in 2020 and into this year, maybe more than any other time in history.
Sales skyrocketed as brick-and-mortar stores took their business online using platforms like Shopify Inc. (SHOP), Etsy Inc. (ETSY), Chewy Inc. (CHWY), Amazon.com Inc. (AMZN), and a change in people’s buying habits had changed forever.
In the third quarter of 2020, e-commerce volume increased 36.7% over the prior year, according to the U.S. Census Bureau.
The Silicon Valley success manual is just three words; Faster, Better, Cheaper.
I heard it all over the place when I moved to the Valley in 1984, and over time, all sorts of industries have latched on to it in search of higher profit margins.
It takes Moore’s Law, which states that the number of transistors on a microchip doubles roughly every two years, and turns it into rock-solid business advice.
Even NASA made this their mantra back in 1992 when the agency embarked on an aggressive schedule of 16 launches, including sending a rover to Mars.
Tim Cook has clearly read this mantra too, and is making all of the hefty experience behind it his guide with his recent announcement of an ambitious plan for Apple Inc. (AAPL) to use its own chips to power Mac computers.
This decision has the potential to more than triple computing power in some apple products, while saving customers as much as 10%, all while boosting profit margin.
I believe this is a very savvy move. And today, I will show you how it will help Apple continue to double the market’s return…
In the midst of a nasty recession, anyone looking to build a brand new $12 billion manufacturing plant really stands out.
And in this case, it’s not the price tag that is the most important part of the deal.
It’s the fact that it’s all about what lies at the heart of our fast-moving digital economy.
Indeed, the devices to be made there are nothing short of critical because they power everything from mobile devices to PCs to artificial intelligence.
Of course, I’m talking about semiconductors. The new plant in Arizona, big enough to employ 1,600 people, will produce some of the most advanced chips ever released.
The news comes as the chip sector continues to post solid gains in a weak, COVID-focused economy.
For August, the last month for full data, global chip sales showed a yearly gain of 4.9% to $34.5 billion.
The chipmaker I have in mind is a global leader that has doubled the S&P 500’s return since the market bounced back on March 23.
They are relied on by some of the most prominent device makers in the world, like Apple Inc. (AAPL), along with chip designers like Intel Corp. (INTC), Advanced Micro Devices Inc. (AMD), and Nvidia Corp. (NVDA).
The nation may still be coping with COVID lockdown, but that doesn’t mean that economic progress isn’t still going on out of sight.
It’s true that public spaces are hardly crowded. Restaurants, concert venues, cinemas, and gyms are empty.
But day to day business is alike and kicking in the digital space. In spite of everything that’s happening, the Port of Los Angeles, a main e-
commerce hub, is bursting at the seams
Port officials reported that August 2020 was their busiest month on record, with cargo volume up by about 12% both from July and from August 2019 just one year before.
We’re seeing similar encouraging cargo statistics out of Long Beach, not to mention the fact that consumers and e-tailers are gearing up for a strong Christmas season, typically the peak of consumer shopping for the year and worth roughly $1 trillion.
Altogether, it’s a sign that the economy is picking up steam online, instead of on main street, building towards a hidden recovery.
With that in mind, today I want to reveal a tech leader that is helping thousands of small businesses throughout the U.S. set up online stores.
The stock is beating the broad market by 444%.
Not only that, this mid-cap leader is set to double its earnings again in as little as a year…