At CES, Nvidia CEO Jensen Huang showcased new AI models and chips, hinting at the potential for driverless cars with Nvidia’s Alpamayo technology. Despite a slight stock dip, the industry is projected to reach $13.6 trillion by 2030. However, skepticism remains due to past false starts in the autonomous vehicle sector.

While AI technology like ChatGPT rapidly gained traction, the promise of fully autonomous vehicles has yet to materialize. Competition in the market is fierce, with Alphabet’s Waymo and Tesla leading the charge. Investors can diversify their exposure to this sector through the Global X Autonomous & Electric Vehicles ETF, which features top players like Nvidia and Alphabet.

The ETF provides a simple way to invest in the driverless car trend, offering exposure to potential market dominators. With an average annual return of 10.73%, the fund presents a compelling opportunity for investors seeking to capitalize on the anticipated growth of the autonomous vehicle industry. Investing in companies like Tesla and Alphabet through the ETF can mitigate risks associated with individual stock selections.

For investors considering the Global X Autonomous & Electric Vehicles ETF, it’s important to weigh the potential returns against other top stock picks. The Motley Fool Stock Advisor team recently identified 10 stocks poised for significant growth, providing insights into alternative investment opportunities. Given the market-crushing performance of Stock Advisor’s recommendations compared to the S&P 500, exploring diverse investment options is crucial for maximizing returns in the evolving tech landscape.

Read more at Nasdaq: Nvidia’s CEO Says the “ChatGPT Moment” for Physical AI Is Here: 1 Move to Make