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Aurora Innovation Inc. (NASDAQ:AUR) is one of the 8 best software penny stocks to buy now.

On March 19, Aurora Innovation Inc. (NASDAQ:AUR) released results from a study which has revealed that the autonomous freight has evolved into a business sector worth billions of dollars in the $1 trillion trucking industry in the United States. The company expects to see more benefits over the next ten years.

Photo by lucas law on Unsplash

According to this study conducted jointly by Aurora and the Steer Group, although the self-driving trucks are not profitable yet, they have the potential to create job opportunities for 17,000 individuals and contribute $3.3 billion to the GDP.

As per the results obtained from this study, it is estimated that the self-driving trucking sector will add an additional contribution of $70 billion to the GDP of the United States by 2035.

The autonomous trucks industry will provide an additional benefit of $9.4 billion per year concerning safety and create $9 billion consumer surplus. Chris Urmson, Co-founder and CEO of Aurora, said that autonomous trucking will serve as a massive growth engine for the American economy and strengthen the country’s transportation infrastructure. According to the report, by 2035, the application of self-driving technology would save up to 490 lives, 8,800 injuries, and 23,000 accidents each year.

Aurora Innovation (NASDAQ:AUR) is a self-driving technology company. It develops and operates Aurora Driver, which is an integrated self-driving platform for freight trucks and commercial vehicles. This platform combines several self-driving hardware, software, and data solutions to operate different types of vehicles.

While we acknowledge the potential of AUR as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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