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Top Automotive Stocks Worth Watching - September 10th

NVIDIA logo with Computer and Technology background

Key Points

  • NVIDIA, Tesla, and Synopsys are highlighted as key automotive stocks to monitor, showing significant trading volume recently.
  • Tesla operates in electric vehicles and energy solutions, generating revenue from vehicle sales and various automotive services, including regulatory credits and insurance.
  • Synopsys provides electronic design automation software vital for designing integrated circuits, highlighting its role in the technological advancements in the automotive sector.
  • MarketBeat previews the top five stocks to own by October 1st.

NVIDIA, Tesla, and Synopsys are the three Automotive stocks to watch today, according to MarketBeat's stock screener tool. Automotive stocks are shares of publicly traded companies that design, manufacture, distribute or sell motor vehicles and related parts and services. When you buy these stocks, you gain exposure to the financial performance of automakers, components suppliers and aftermarket service providers. Their value can fluctuate based on factors like consumer demand, regulatory changes and advances in vehicle technology. These companies had the highest dollar trading volume of any Automotive stocks within the last several days.

NVIDIA (NVDA)

NVIDIA Corporation provides graphics and compute and networking solutions in the United States, Taiwan, China, Hong Kong, and internationally. The Graphics segment offers GeForce GPUs for gaming and PCs, the GeForce NOW game streaming service and related infrastructure, and solutions for gaming platforms; Quadro/NVIDIA RTX GPUs for enterprise workstation graphics; virtual GPU or vGPU software for cloud-based visual and virtual computing; automotive platforms for infotainment systems; and Omniverse software for building and operating metaverse and 3D internet applications.

Read Our Latest Research Report on NVDA

Tesla (TSLA)

Tesla, Inc. designs, develops, manufactures, leases, and sells electric vehicles, and energy generation and storage systems in the United States, China, and internationally. The company operates in two segments, Automotive, and Energy Generation and Storage. The Automotive segment offers electric vehicles, as well as sells automotive regulatory credits; and non-warranty after-sales vehicle, used vehicles, body shop and parts, supercharging, retail merchandise, and vehicle insurance services.

Read Our Latest Research Report on TSLA

Synopsys (SNPS)

Synopsys, Inc. provides electronic design automation software products used to design and test integrated circuits. It operates in three segments: Design Automation, Design IP, and Software Integrity. The company offers Digital and Custom IC Design solution that provides digital design implementation solutions; Verification solution that offers virtual prototyping, static and formal verification, simulation, emulation, field programmable gate array (FPGA)-based prototyping, and debug solutions; and FPGA design products that are programmed to perform specific functions.

Read Our Latest Research Report on SNPS

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Should You Invest $1,000 in NVIDIA Right Now?

Before you consider NVIDIA, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and NVIDIA wasn't on the list.

While NVIDIA currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.

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