Can NVIDIA Count on Its Latest Chip to Win Big in Self-Driving Cars?
Just when it looked like NVIDIA (NASDAQ: NVDA) was falling behind Intel (NASDAQ: INTC) in the self-driving car race, it announced a new autonomous driving platform that could swing the momentum in its favor once again. The graphics specialist's latest innovation brings fully autonomous, driverless cars a step closer to reality.
More importantly, it could potentially set the company on its way to make a big splash in one of the most lucrative applications for self-driving technology: ride-hailing. Let's take a look at what this latest product could do for NVIDIA, and the potential bumps in the road that it could face.
The DRIVE PX Pegasus -- the latest generation of NVIDIA's artificial-intelligence-enabled autonomous driving platform -- should help the company turn a new page in self-driving car development as it is 10 times more powerful than the existing DRIVE PX2 chip.
Source: Fool.com
NVIDIA Corp. Stock
Currently there is a rather positive sentiment for NVIDIA Corp. with 200 Buy predictions and 10 Sell predictions.
As a result the target price of 115 € shows a slightly positive potential of 2.68% compared to the current price of 112.0 € for NVIDIA Corp..
