The Wall Street bank gives two of the stocks over 50% upside potential.
Once considered the stuff of science fiction, Bank of America says self-driving cars now have "real-world visibility." The "feasibility" of autonomous vehicles has risen significantly in the past decade, thanks to a "multi-billion investment cycle"; 5G networks; advancements in big data, artificial intelligence and machine learning; and a more conducive regulatory environment, Bank of America's Justin Post said in a note on Dec. 8.
"Alphabet 's Waymo is expected to be a key supplier of AV technology and potential mobility competitor while Uber , Lyft and even DoorDash are likely to integrate AVs into their networks to reduce driver costs," Post said. "Simultaneously, Amazon , Walmart , UPS , and others, are expected to modernize supply chain logistics with autonomous trucking," he added. Bank of America estimates that Amazon could enjoy up to $4.
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