Reported about 17 hours ago
Nvidia CEO Jensen Huang announced a significant opportunity for the company's growth in the autonomous vehicle sector at the CES 2025 technology conference. He predicts that data center operators will invest $1 trillion in upgrading infrastructure for artificial intelligence, which currently constitutes 88% of Nvidia's revenue. Additionally, the automotive segment, led by the adoption of Nvidia's Drive platform for self-driving cars, could see revenues jump from $1.5 billion to $5 billion by fiscal year 2026. Despite the stock's impressive rise of 830% since early 2023, experts suggest Nvidia remains a potentially valuable investment amid evolving competition.
Source: YAHOO