Why Toyota Motor Stock Popped on Monday

Shares of Japanese automotive titan Toyota Motor (NYSE: TM) gained 2.6% through 12:25 p.m. ET Monday after Nikkei Asia reported that Toyota is partnering with local telecom Nippon Telegraph and Telephone (NTT) to develop artificial intelligence (AI) software that can predict an imminent accident and take control of a car to stop it.

Yes, you read that right. Nikkei Asia just called Toyota an artificial intelligence stock, with all that entails for investor optimism.

It's unclear how car owners will feel about an AI supercomputer deciding on its own initiative to take over control of a car mid-drive. (They might very well not like the idea all that much.)

Source Fool.com