Synopsys Inc stock has done a breakaway gap up on the Royal Bank Of Canada upgrading the company to a Top Pick rating. Royal Bank of Canada set a price target of $100 which represents an 18% upside from its current price.
Autonomous driving is dumb. In my surveys of asking family members and friends, there’s a whole ZERO percent interest in autonomous self-driving cars.
Most Americans don’t even want a chip on a credit card let alone a car that drives itself.
Technology companies think they are smarter than consumers. Tech companies believe that once they wow us with the reality of self-driving cars, we’re all just going to go out and buy one like a bunch of sheep, sheep led to the slaughter like this guy.
Josh Brown, a Navy Seal who served on Seal Team 6 (the unit that killed Osama Bin Laden), died from autonomous driving technology.
Tech gone wrong is tech that develops without much concern for producing what the public wants. Reality check: the average person doesn’t care about autonomous driving and believes it’s downright dangerous.
How are autonomous cars going to respond to an ambulance racing through an intersection? What about an electrical component on a circuit board in the autonomous driving car going out? Are you going to have about 2 seconds to grab the wheel to take control before a crash occurs?
Capitalism sometimes gets out of whack where you have greedy geniuses running around trying to force the public on a ‘fantastic’ new technology. Remember the tech wearables market that was supposed to explode higher? The only thing it did was implode. Intel is laying off a major portion of its wearables group.
Technology bloggers like to write about new technologies like autonomous driving cars. Mainstream media groups like to report on autonomous driving cars because it’s something interesting that people like to read about in horror and fascination. But where the rubber meets the road is what consumers want. In all the self-driving car hype, I see little evidence that consumers are willing to spend thousands of more dollars on a self-driving car.
I see billions of dollars being spent on autonomous driving technology and I see tepid consumer interest at best. That’s a dangerous combination for investors, and I think we could see the autonomous driving car fad die out after tech companies finally realize that most of the public doesn’t trust or want self-driving cars.