Reported 5 months ago
Nvidia's CEO, Jensen Huang, stated in an interview that Tesla is leading in self-driving technology with its Full Self-Driving (FSD) system, which is powered by Nvidia's chips. Nvidia sees automotive as a significant sector within its data center business, with automotive revenue growing 17% sequentially and 11% year over year. Huang believes that in the future, every car will have some level of autonomous driving, requiring massive computing power. Nvidia has helped Tesla expand its FSD training AI cluster to process large amounts of video data. Wall Street analysts are optimistic about Nvidia's automotive business, with JPMorgan raising the company's price target to $1,150.
Source: YAHOO