You or the manufacturer mount a device on your dashboard.
As the device's software algorithms "interpret" a video feed in real-time, it detects anything in your car's path – pedestrians, other vehicles, animals, large debris – and your distance from it.
If the software interprets what it "sees" as "trouble," it alerts the driver with a series of beeps and flashing lights.
It can also "read" and interpret traffic signs and signals.
No, this isn't a driverless car yet – you still need to hit the brakes – but it's a big part of the advanced driver assistance systems (ADAS) that will get us there.
And to me at least, it's pretty amazing technology.
Intel Corp. (Nasdaq: INTC) thinks so, too. It picked up the developer of this technology for $15.3 billion last week – catalyzing the much smaller firm's stock up 30% that day.
And suddenly Wall Street has fallen in love with the "car of the future"?
We know better.
In fact, you're way ahead of the Street.
We were in this stock years ago – and another "car of the future" company that got acquired recently – and we've made a bundle on both.
So let's go over those two deals today – see what happened and exactly how much money we made.
And then we'll take a look at what I think is the best pick in the connected and driverless vehicle space right now.
It'll be good for a very quick 30% pop in your portfolio.
And that's something you'll be able to brag about to your friends and family.
Or maybe you'll save your bragging for the showroom – where you can use those gains to pick up a connected car yourself.
Your Guy on the Inside
I have to admit: We have an unfair advantage over Wall Street when it comes to seeing the worth auto technology. I was an auto analyst in Detroit in the early 1980s and saw firsthand how new tech even back then was reshaping the industry.
Over the years, I've combined that deep expertise with my 33-year background as a Silicon Valley insider. That's why I was able to start sharing the news about "the car of the future" with you folks several years ago.
And it's why you've been able to make quite a bit of money in this sector – before Wall Street really caught wind of it.
Here's the real story – a point I've made several times over the past few years…
The auto sector's power has shifted from Detroit to the Silicon Valley.
The fact that Intel gladly shelled out $15.3 billion, the second-largest deal it has ever made, to buy Mobileye NV (Nasdaq: MBLY) – the developer of that ADAS technology I described above – pretty much proves it. This deal – again, a $15.3 billion deal – demonstrates the huge value created by tech firms that e…
About the Author
Michael A. Robinson is one of the top financial analysts working today. His book "Overdrawn: The Bailout of American Savings" was a prescient look at the anatomy of the nation's S&L crisis, long before the word "bailout" became part of our daily lexicon. He's a Pulitzer Prize-nominated writer and reporter, lauded by the Columbia Journalism Review for his aggressive style. His 30-year track record as a leading tech analyst has garnered him rave reviews, too. Today he is the editor of the monthly tech investing newsletter Nova-X Report as well as Radical Technology Profits, where he covers truly radical technologies – ones that have the power to sweep across the globe and change the very fabric of our lives – and profit opportunities they give rise to. He also explores "what's next" in the tech investing world at Strategic Tech Investor.