Nvidia's AI Technology will benefit the Autonomous Vehicle Industry
Nvidia's AI chip will benefit the whole AV industry. All EV companies who are pursuing AV technology include Tesla who has invested in FSD (Full Self Drive) will benefit from it. In my previous article, I have written that AI will bring a breakthrough in AV.
Cathie Wood's prediction that FSD will be the strength of Tesla is indeed not baseless and her buying of Tesla's share will eventually pay off.
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Nvidia credited its robust automotive growth to the "growth in sales of self-driving solutions, computing solutions for electric vehicle makers and strength in sales of AI cockpit solutions." However, this is just the beginning as Nvidia's potential automotive pipeline stands at $14 billion for the next six years, indicating that this business is likely to gain more momentum.
Even better, Nvidia sees a $300 billion long-term opportunity in the automotive market, driven by the growing levels of automation and the increasing demand for image processing that its GPUs carry out. The good part is that Nvidia has built a solid ecosystem of automakers, component suppliers, and software vendors to tap this huge opportunity.
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I reflected trading experiences by writing journals. My comments are for educational purposes not financial advice.
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