What makes NVIDIA Corporation (NVDA) the best in the industry?

NVIDIA Corporation (NVDA) has drawn partnerships with 370 companies in the global automotive sector to strengthen its artificial intelligence-enabled self-driving technology. Several market experts rank Nvidia among the top companies that will benefit from the massive adoption of self-driving car technology.


5 Stocks Under $10 That Are Poised to Take Off

Investing in stocks under $10 could significantly increase the returns on your portfolio, especially if you pick the right stocks! Within this report you will find 5 top stocks that offer investors huge upside potential and the best bang for their buck.

Add them to your watchlist before they take off!

Get the Top 5 Stocks Now!

Sponsored



There are 370 Nvidia partnerships in the automotive sector, with only Tesla straying from Nvidia’s technology for its own. To ensure that the safety of people and vehicles, NVIDIA has created DRIVE AGX. This platform allows vehicle sensors to gather and analyze data to achieve environmental sensing, route planning, and driver control. With a reported, 254 trillion operations per second (TOPS), the DRIVE AGX Orin processor, made by Intel, will appear in Mercedes-Benz cars starting in 2022 and Nio electric vehicles. DRIVE AGX platforms are also continually updated to achieve maximum scalability.

Tesla (TSLA) dropped its partnership with Nvidia in favor of developing autonomous driving technologies on its own, but other electric car manufacturers followed Nvidia’s digital assistants. Nvidia’s automotive division has partnered with Volkswagen, Audi, Toyota, Hyundai, Volvo, Mercedes, and Tesla’s Chinese competition, Li Auto, Xpeng, and Nio, to develop driving technologies for autonomous vehicles.

Given that carmakers plan to launch autonomous cars based on a subscription model (like Tesla), Nvidia would be receiving licensing fees that would have the capability of generating large amounts of regular revenue if it launches autonomous taxis and cars on a large scale.

Volkswagen suffered a significant software miscalculation for its ID.3 electric vehicles led to significant losses and demonstrated the importance of remote software updates. Despite spending $50 billion to build a Tesla competitor, Volkswagen was forced to recall 50,000 ID.3s last week due to software bugs manually rectified by technicians.

Here we analyze NVIDIA Corporation (NVDA) past performance and examine historical trends for the company. In the last week, this stock rose 3.15%, and over the last month, it has risen 3.27%. This company’s shares fell -1.14% in the last quarter. The stock has increased 28.92% in the past six months, and it has gained 123.73% in the past year. As of the time of writing, this stock’s YTD performance stands at 2.91%.

Leave a Comment

Your email address will not be published. Required fields are marked *

More Posts

Get The Best Stocks To Trade Every Day!

Join now to get the NewsHeater.com pre-market morning brief 100% free

Get The Best Stocks To Trade Every Day!

Join now to get the NewsHeater.com pre-market morning brief 100% free

We do not sell or share your information with anyone.