Can NVIDIA Strike Gold in Drones?
Slowly but surely, drones are on their way to gaining mainstream adoption, thanks to their applications in a variety of fields. From delivering goods to taking aerial photos and videos, drones are being trained to serve in many roles.
Not surprisingly, consumer drone shipments are forecast to grow at an annual pace of over 31% through 2021, according to BI Intelligence. Meanwhile, enterprise drones are expected to clock a faster annual growth rate of over 51%. The drone market's terrific growth potential has encouraged a number of tech companies to jump on the bandwagon, and NVIDIA (NASDAQ: NVDA) is among them.
The tech specialist has been making steady moves to cut its teeth in this market, using its artificial intelligence (AI) expertise to make drones better. But can NVIDIA become a big name in the drone race, when tech giants such as Qualcomm (NASDAQ: QCOM) are already trying to make a dent? Let's find out.
Source: Fool.com
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