Hyperdrive
Self-Driving Stocks Join EVs as Next Retail Trader Obsession
- Aurora Innovation surges as much as 57% in Friday trading
- Trading volume in Aurora was significantly higher than Tesla
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Self-driving technology companies are the latest automotive stocks to become an obsession of retail traders, with firms like Aurora Innovation Inc. surging Friday on high volume.
Aurora, which went public via special purpose acquisition company earlier this month, jumped as much as 57% Friday after the stock was widely cited on social media platforms Twitter and StockTwits. A report that iPhone-maker Apple Inc. is pushing to develop a car with a full self-driving system also helped attract investors’ attention to the group.