10 Best Autonomous Vehicle Stocks To Buy backed by Hedge Funds

8. Kodiak AI, Inc. (NASDAQ:KDK)

Number of Hedge Funds: 21

Kodiak AI, Inc. (NASDAQ:KDK) moved its highway-trucking plans closer to contracted revenue on October 28. It signed a definitive agreement under which DTL Transport will own and operate 75 driverless trucks and pay Kodiak a per-mile fee. The agreement establishes a commercial commitment, but it does not mean all 75 trucks already run without drivers.

Kodiak still targets its first driverless highway service by year-end, carrying IKEA freight between Dallas and Houston. Its technology already powered 35 customer-owned driverless industrial trucks at the second quarter-end. Management says its seventh-generation platform offers nearly 50% more computing power than its predecessor. 9 Best Trucking Stocks To Buy examines the carriers that autonomous technology could serve.

The latest earnings show the financial starting point since Kodiak made $3.5 million in Q2 revenue, up 91% sequentially, but it recorded a $43.7 million operating loss and used $34.1 million in operating cash. It reported $12.5 million in net income, but a $58.3 million warrant fair-value gain materially supported that result.

The Kodiak Driver anchors its trucking, industrial and defense applications, so autonomy sits at the center of the business. The new per-mile agreement ties its technology to a recurring revenue model, and operating losses show the commercialization challenge that remains.

7. Hesai Group (NASDAQ:HSAI)

Number of Hedge Funds: 21

Hesai Group (NASDAQ:HSAI) offers AV exposure through lidar sensors. Its latest results showed RMB860.8 million in Q2 revenue, up 21.9% year over year, including RMB815.9 million from lidar, approximately 94.8% of sales. That ratio measures lidar exposure across automotive and robotics applications.

The technology roadmap matters as much as shipment growth. In August, Hesai said customers were validating its Picasso-equipped ETX lidar and that requirements and quotation discussions with robotaxi operators and automakers were moving forward. That stage backs up a potential route into production, but it does not establish completed orders. 9 Best Lidar Stocks to Buy Right Now compares other suppliers.

Hesai shipped 628,275 lidar units in the quarter and earned RMB70.6 million in net income, up 60% year over year, which establishes an existing commercial business. Gross margin fell to 40.1% from 42.5%, reflecting product mix.

Hesai then launched Kosmo on October 14, combining spatial capture and cloud software to create 3D environments for AI development. The move extends its reach beyond AVs into the broader robotics opportunity explored in 9 Best Robotics Stocks to Buy as Amazon Deploys 1 Million Robots.

6. Mobileye Global Inc. (NASDAQ:MBLY)

Number of Hedge Funds: 29

Mobileye Global Inc. (NASDAQ:MBLY) develops technology across different stages of vehicle automation. Its SuperVision system provides hands-free assistance but requires eyes on the road. On the other hand, Mobileye Drive targets driverless robotaxis, public transport and goods delivery. That distinction gives investors a clearer view of its AV business than treating all driving assistance as autonomy.

In September, MOIA America and Beep began invited rides in Mobileye-equipped ID. Buzz vehicles in Orlando, with trained human operators onboard. The deployment adds passenger experience while keeping supervision in place. 8 Best Lidar Stocks to Buy According to Analysts explores related vehicle-perception suppliers.

Mobileye’s latest published quarter generated $508 million in revenue, roughly flat year over year, and a GAAP diluted loss of $0.03 per share. Adjusted diluted EPS rose to $0.19 from $0.13, and an R&D incentive grant materially supported the improvement in operating income. These results cover its overall product business together and does not break out robotaxi revenue separately.

On October 22, Mobileye also announced TÜV SÜD certification for its automatic emergency braking development process. That specific validation complements its technology development.

5. Aurora Innovation, Inc. (NASDAQ:AUR)

Number of Hedge Funds: 40

Aurora Innovation, Inc. (NASDAQ:AUR) now has a larger customer opportunity but a slower production ramp than it previously expected. Its third-quarter 2026 results showed a non-binding Charger Logistics memorandum covering 500 customer-owned trucks for delivery in 2027 and 2028. The proposed Driver as a Service arrangement would expand Aurora’s core trucking business.

Meanwhile, a production ramp running approximately six weeks behind plan led Aurora to cut its 2026 revenue expectation to about $9 million and push the 200-truck milestone to the end of February 2027. 12 Best Freight Stocks to Buy According to Hedge Funds provides context on the wider freight market.

The latest quarter generated $3 million in revenue from driverless and operator-supervised loads, compared with $1 million a year earlier. Aurora also recorded a $257 million operating loss and used approximately $170 million in operating cash. It ended September with more than $1 billion in cash and short-term investments.

Autonomous trucking anchors Aurora’s business. Its second-generation hardware already runs in trucks without a person behind the wheel, and management designed it for one million operating miles. The production delay now tests whether Aurora can turn that technology into revenue at scale.