From Nasdaq: 2024-06-12 11:36:00

Nvidia’s stock and company performance have been remarkable, with shares up by 725% since January 2023. Revenue from the data center segment has more than quintupled, driving net income up by over 600%. The Blackwell chip series and new AI chip are set to continue driving growth.

Nvidia’s automotive segment is gaining traction, with companies like Rivian using Nvidia chips to enhance computing power in their vehicles. Autonomous driving partnerships with global automakers further bolster Nvidia’s position in the market, hinting at potential future revenue growth in the auto sector.

As more self-driving vehicles hit the road, Nvidia’s technology is gaining attention. Companies like Waymo and Amazon’s Zoox are expanding their operations, highlighting the growing potential for self-driving technologies. While regulatory hurdles remain, patient investors in Nvidia stock could benefit from the sector’s growth.

Investors looking into Nvidia should consider the potential for future growth in the company’s auto segment and self-driving technology. Stock Advisor’s top stock picks may provide further insights for investment opportunities. It’s important to note the past performance of companies like Nvidia and the compelling future prospects in the autonomous driving market.



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