Tesla's focus on AI and robotics could make it a major competitor to Nvidia

From Yahoo Finance: 2024-08-05 18:07:00

Nvidia is a dominant force in the semiconductor industry with an 80% market share in AI chips. However, competition is brewing from AMD, Intel, Amazon, Meta, and potentially Tesla. Elon Musk’s vision for Tesla as a robotics and AI business could lead the company to develop its own in-house tech, potentially disrupting Nvidia’s dominance in the long run. While it may take time for Tesla to catch up, its resources and focus on AI could make it a major competitor to Nvidia. Investors should consider the growth potential of both companies before making investment decisions.



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