NVDA - NVIDIA Corporation
156.73 +3.61 (2.36%)
Pre-Market: 8:59AM EDT
| Previous Close | 152.88 |
| Open | 154.30 |
| Bid | 156.00 x 900 |
| Ask | 156.50 x 1000 |
| Day's Range | 152.07 - 154.76 |
| 52 Week Range | 124.46 - 292.76 |
| Volume | 8,291,099 |
| Avg. Volume | 12,101,982 |
| Market Cap | 93.25B |
| Beta (3Y Monthly) | 2.50 |
| PE Ratio (TTM) | 28.90 |
| EPS (TTM) | 5.30 |
| Earnings Date | Aug 15, 2019 |
| Forward Dividend & Yield | 0.64 (0.44%) |
| Ex-Dividend Date | 2019-05-30 |
| 1y Target Est | 183.42 |
- Investor's Business Daily•1 hour ago
Missed The Chip, Nvidia Rally? 7 Ways You Can Still Play It
Chip shares, like Nvidia stock, are turning into a battleground for bulls and bears. The bulls are winning so far. And, there are still ways in.
- InvestorPlace•16 hours ago
Nasdaq Today: All Eyes on the Fed
After Tuesday's big rally, Wednesday's session was muted most of the day, but it wasn't boring. What moved the Nasdaq today? As is typically the case on FOMC meeting days, the Federal Reserve was on everyone's radar.Source: Shutterstock While the market was pricing in a roughly 25% chance of a rate cut this month, it was no surprise that the Fed held steady. But that doesn't mean they will continue to do so going forward. According to the Fed Funds futures, there's a 77% chance that the Fed will cut rates next month. Further, the market is pricing in a 62% chance that the Fed cuts twice by its September meeting.On some level, that feels bearish given that the Fed shouldn't be cutting rates in a healthy environment. That said, with the U.S. economy mostly humming along, investors don't want to fight the Fed. If it's willing to be accommodative and dovish, investors don't want to be stubborn.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 5 Top Stock Trades for Thursday: UBER, JBL, ADBE, SHOP That can be a boon for tech stocks, which tend to thrive in a low interest rate environment. If that ends up being the case, look for the PowerShares QQQ ETF (NASDAQ:QQQ) to benefit. Wednesday's WinnersChip stocks, like Advanced Micro Devices (NASDAQ:AMD), Nvidia (NASDAQ:NVDA) and Broadcom (NASDAQ:AVGO) held up well on Wednesday after Tuesday's powerful rally. Should the trade-war rhetoric continue to improve, the semiconductors should continue to see upside.Adobe Systems (NASDAQ:ADBE) jumped more than 5% in Wednesday's session, after the company beat on earnings and revenue expectations. However, management's outlook for next quarter came up short of expectations, which makes today's rally somewhat peculiar. It appears that investors are willing to give ADBE the benefit of the doubt and seem to like the partnership with Microsoft (NASDAQ:MSFT).Speaking of MSFT, shares hit yet another new highs on the day, after doing so on Tuesday as well.Jabil Inc (NYSE:JBL) jumped double digits on the day, rising more than 10% after better-than-expected earnings. Non-GAAP earnings of 57 cents per share was in-line with expectations, while revenue of $6.14 billion beat consensus estimates by $130 million and grew 12.9% year-over-year. Now, the stock is flirting with a major multi-year breakout.T-Mobile (NASDAQ:TMUS) tacked on another 2.4% gain on Thursday, as it looks increasingly likely that it will get the green light from the DoJ to acquire Sprint (NYSE:S). The latter rose 3% on the same optimism, as reports peg Dish Network (NASDAQ:DISH) as the likely suitor to buy the duo's asset sales, which are necessary for regulatory approval.Shopify (NYSE:SHOP) jumped 7.5% to new highs following a positive take from its investor meeting. The stock hit another new all-time high on the day as the Shopify train just keeps on rolling. Should shares hit $356, it will be a triple from the December lows. The LosersVideo game stocks struggled on Wednesday, led lower by Activision Blizzard (NASDAQ:ATVI), which fell about 1%. Take-Two Interactive Software (NASDAQ:TTWO) ended flat after a strong last hour of trading, while Electronic Arts (NASDAQ:EA) ending higher on the day despite a lower open. The group was under pressure Wednesday following video game sales data showing an 11% year-over-year decline for May, while hardware sales slumped 20%.Facebook (NASDAQ:FB) struggled again on Wednesday. The stock opened at its highs on Tuesday, but fell despite announcing its new cryptocurrency. That selling continued today, with the stock down 0.53%. It cast a shadow over social media stocks, with Twitter (NYSE:TWTR) falling 1%, Snap (NYSE:SNAP) dropping 1.3% and Pinterest (NYSE:PINS) sinking 2.5%. The Bottom Line on the Nasdaq TodayThe Fed was the most polarizing event of the day and its aftermath will show itself in the days and weeks to come. Will the event act as a catalyst to propel stocks to new highs? After all, the Nasdaq is less than 200 points or about 2.1% away from those highs now. Or will investors sell the market lower despite the Fed's accommodative stance?Let price be the guide. If Wednesday's closing action is any indication, buyers want in on the market heading into the early part of summer.What I really want to see how is how the Nasdaq, S&P 500 and Dow Jones trade through the rest of the week. While they rose 0.42%, 0.33% and 0.15% on Wednesday, respectively, I want to see if the move has staying power. A strong finish to the week very well could bring new highs, but we need to see that continuation to confirm it. * Dow Jones Today: Stocks Almost Had Some Fed Fun Let's see if chip stocks can continue to push higher and if Adobe can climb up toward $300. And for Pete's sake, can we get some participation from the FANG stocks?Bret Kenwell is the manager and author of Future Blue Chips and is on Twitter @BretKenwell. As of this writing, Bret Kenwell was long AMD, AVGO, NVDA and PINS. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * 7 Value Stocks to Buy for the Second Half * 7 Hot Stocks to Buy for a Seemingly Sleepy Summer * 6 Chip Stocks Staring At Big Headwinds in 2019 Compare Brokers The post Nasdaq Today: All Eyes on the Fed appeared first on InvestorPlace.
- Market Realist•21 hours ago
Both Sides Play Mind Games ahead of Trump-Xi Meeting
US equity markets rallied yesterday, and the S&P 500 (SPY) gained almost 1.0%. Markets have now largely recouped their May losses. Along with the dovish stance taken by European Central Bank President Mario Draghi, positive comments on US-China trade talks lifted markets yesterday.
- InvestorPlace•22 hours ago
Free Cash Flow Makes Nvidia Stock a Great Buy on the Dip
Last fall, Nvidia (NASDAQ:NVDA) was trading at almost $300. Today, NVDA stock is trading at half that amount.Source: Shutterstock My InvestorPlace colleague Tom Taulli recently reminded investors that despite good things happening at Nvidia with its RTX gaming chip, the oversupply of chips makes NVDA stock a risky buy at this point.It's hard to argue with Tom's logic.InvestorPlace - Stock Market News, Stock Advice & Trading TipsGiven China accounted for 24% of Nvidia's revenue in the last year, a prolonged trade war with the U.S. would decimate the company's revenues, profits, and of course, free cash flow. From that perspective, Nvidia is a falling knife you likely don't want to catch.However, assuming the trade dispute gets solved by the end of 2019, Nvidia's current free cash flow generation makes its an interesting value proposition. Here's why: NVDA Free Cash Flow GenerationIn the latest fiscal year ending January 31, 2019, Nvidia had $3.14 billion in free cash flow, which accounts for 27% of its annual revenue. While its free cash flow margin was down 300 basis points from fiscal 2018, it's still significantly higher than many of its peers. * 7 Value Stocks to Buy for the Second Half For example, Intel (NASDAQ:INTC) had $14.3 billion in free cash flow in fiscal 2018; that was 20.2% of its annual revenue. A year earlier, Intel's free cash flow was $10.3 billion or 16.5% of its annual revenue.A skeptical person might note that Intel's free cash flow as a percentage of sales increased substantially between fiscal 2017 and 2018, while Nvidia's decreased over the same period. However, Intel is significantly larger than Nvidia with six times as much revenue. It ought to be converting more of its revenue to free cash flow given the economies of scale.But it isn't.For this reason, along with the growth runway Nvidia has with the cloud and artificial intelligence, it's understandable that investors are willing to pay almost 30 times cash flow for NVDA stock compared to eight times cash flow for Intel.Nvidia's current free cash flow yield is 3.8%, almost double what it was a year earlier. And while it's not 8%, what investors consider a true value stock, its slide over the past year has made the Nvidia stock price a much better buy.Within 17% of a 52-week low, it's getting closer to where it traded in June 2017.In those two years, however, Nvidia has become a much more diversified business, which means to buy on the dip today is safer than if you had done so in 2017. The Bottom Line on NVDA StockI continue to like Nvidia because of its free cash flow. Companies that efficiently convert revenues to free cash flow tend to perform better over the long haul.InvestorPlace contributor Luke Lango recently argued that Nvidia is a victim of semiconductor-market inefficiencies that should resolve themselves."Right now, we are going through one of those down eras. Semiconductor demand is waning in the face of escalating global economic uncertainty and trade tensions. At the same time, in anticipation of massive secular demand in industries like Internet of Things and artificial intelligence, supply in the semi market has expanded tremendously over the past few years," Lango stated June 11.More importantly, Lango suggested, is that Nvidia's revenues and margins were moving ahead of their long-term trend-lines, a sign that 2021 could be the year the chip maker's growth reignites.If you're an aggressive investor and aren't afraid of a little volatility, I would buy NVDA at current prices, saving a little if it moves lower to test its 52-week low of $124.46.At the time of this writing Will Ashworth did not hold a position in any of the aforementioned securities. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * 7 Value Stocks to Buy for the Second Half * 7 Hot Stocks to Buy for a Seemingly Sleepy Summer * 6 Chip Stocks Staring At Big Headwinds in 2019 Compare Brokers The post Free Cash Flow Makes Nvidia Stock a Great Buy on the Dip appeared first on InvestorPlace.
- Market Realist•22 hours ago
Trade Resolution, Easy Fed, and Growth Can’t Hold for Long
If the Fed doesn't signal significant easing ahead, the markets could nosedive. Many analysts agree that the markets might be overpricing the Fed's rate cuts this year.
- Zacks•22 hours ago
The Zacks Analyst Blog Highlights: Broadcom, Amgen, NVIDIA, Bristol-Myers and Restaurant Brands
The Zacks Analyst Blog Highlights: Broadcom, Amgen, NVIDIA, Bristol-Myers and Restaurant Brands
- American City Business Journals•22 hours ago
Here are Silicon Valley’s top 10 CEOs, as ranked by their employees
It isn’t easy leading a major company in Silicon Valley, where the pressure to compete is intense, for both disruptive products and talent. Still, a number of Silicon Valley CEOs again rose to the top of this year’s list of top CEOs, as ranked by anonymous employee review site Glassdoor.
- Market Realist•23 hours ago
Broadcom’s Networking Guidance Is Good News for Intel and NVIDIA
Broadcom (AVGO) slashed its full-year fiscal 2019 revenue guidance for its Semiconductor Solutions segment by 10%, or $2 billion, dampening hopes of a revival in the second half. However, the company experienced strong demand in its networking business and expects revenue in this segment to grow in the double digits in fiscal 2019.
- Market Realist•23 hours ago
Leaving China: Apple Might Move Some of Its Production
Apple (AAPL) seems to be exploring options to partially move its iPhone and other product manufacturing out of China. Apple wants to move ~15%–30% of its production out of China.
- InvestorPlace•23 hours ago
Nvidia Stock Is Supposed to Be Hot, But It’s Leaving Investors Cold
Nvidia (NASDAQ:NVDA) has struggled since tech stocks crashed last fall. Even after a modest recovery, NVDA trades about 50% below its 52-week high. But it remains the leading graphics chips company, and its position in numerous emerging industries should enable Nvidia stock price to rise over the long-term.Unfortunately, external concerns have hampered the performance of Nvidia. As a result, without a meaningful catalyst, Nvidia stock will generate neither excitement nor significant gains. * 7 Value Stocks to Buy for the Second Half NVDA Maintains Its lead in Graphics Processing Units (GPUs)Nvidia's situation has not changed significantly since my last article on Nvidia stock. The Nvidia stock price remains near $150 per share as the trade war and the chip glut weigh on the stock.InvestorPlace - Stock Market News, Stock Advice & Trading TipsDespite this stagnation, NVDA's outlook appears to be positive. It remains ahead of AMD (NASDAQ:AMD) due to its continued innovation. AMD may have released GPUs that will enable it to compete for the higher ranges of the gaming market. However, as another InvestorPlace columnist,. Bret Kenwell, pointed out, Nvidia's release of its line of SUPER series GPUs will keep it ahead in this market, assuming that the reports about the upcoming GPUs prove to be true. And since NVDA still obtains more revenue from gaming than from any other vertical market, the new GPUs could meaningfully impact Nvidia stock.Moreover, bitcoin continues to recover, and it has moved above $9,000. For this reason, some have speculated that Nvidia can regain some of the crypto-mining revenue it lost last year after bitcoin crashed. NVDA Has Become BoringAll of this amounts to good news for NVDA. Still, none of it provides a catalyst that will move Nvidia stock price higher in the near-term. Moreover, instead of acting like a "hot stock," NVDA has become as dull as a stereotypical Dow Jones Industrial Average equity.Nvidia's work in the cloud, data centers, artificial intelligence (AI), virtual reality (VR) and self-driving cars took Nvidia stock price to almost $300 per share last year. However, in the first quarter of this year, gaming and auto were the company's only businesses whose revenue climbed versus the previous quarter. .So it's not surprising that NVDA's Q1 revenue tumbled 31% year-over-year.And since Nvidia stock trades at a price-earnings ratio of about 27.4, its Q1 performance won't motivate investors to buy NVDA. That valuation is somewhat below the five-year average for the stock. However, most would not consider that multiple cheap, given NVDA's declining revenue and profit. What Approach Should Investors Take With Nvidia Stock?So while NVDA remains a solid performer amid a chip glut, there are few reasons for investors to buy or sell Nvidia stock. So what could motivate more investors to buy NVDA?A resolution of the trade war with China would do the trick. China has long served as a significant revenue source for NVDA. In fiscal 2019, China made up $2.8 billion of the company's $11.72 billion in total revenues. Only Taiwan was a bigger geographic market for NVDA. Nvidia stock has little room to move higher as long as U.S.-China relations remain in jeopardy.Also, widening adoption of cloud computing, VR, or self-driving cars would likely push NVDA higher, as the company could sell many more chips if any of those technologies proliferate. Until such events occur, investors have few reasons to take any action on Nvidia stock. The Bottom Line on NvidiaNvidia will remain a boring stock until the trade war ends or technologies such as AI or self-driving cars become much more popular. Nvidia continues to maintain its lead in graphics chips, and its innovations appear poised to make it a leader in key industries of the future. Also, with bitcoin higher, NVDA may even regain some of its lost crypto-mining business.However, its revenue growth may not accelerate as long as the trade war with China continues. Moreover, many emerging industries powered by Nvidia's chips, such as AI, VR, self-driving cars, have not yet realized their potential. Until at least one of these factors changes, NVDA stock will remain dead money.As of this writing, Will Healy did not hold a position in any of the aforementioned stocks. You can follow Will on Twitter at @HealyWriting. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * 7 Value Stocks to Buy for the Second Half * 7 Hot Stocks to Buy for a Seemingly Sleepy Summer * 6 Chip Stocks Staring At Big Headwinds in 2019 Compare Brokers The post Nvidia Stock Is Supposed to Be Hot, But It's Leaving Investors Cold appeared first on InvestorPlace.
- Market Realist•yesterday
Can Trump and Powell Deliver on Expectations?
US markets rose sharply yesterday, and the NASDAQ Composite (QQQ) rose 1.4%. Semiconductor stocks were among the biggest gainers. NVIDIA (NVDA), Advanced Micro Devices (AMD), Broadcom (AVGO), and Intel (INTC) rose 5.4%, 4.3%, 4.5%, and 2.7%, respectively.
- Motley Fool•yesterday
NVIDIA Stock Jumps 5.4% on Volvo Self-Driving Truck Partnership
Shares of the AI chip leader revved up after Tuesday's announcement.
- Zacks•yesterday
NVIDIA Pushes Self-Drive Efforts: Must INTC, QCOM, DXC Worry?
NVIDIA's (NVDA) partnership with Volvo will help it to expand presence, and improve competitive prowess against Intel, Qualcomm and DXC in the autonomous vehicle market.
- Market Realist•yesterday
What NVIDIA’s Partnership with Volvo Means to Investors
NVIDIA (NVDA) stock rose as much as 7% on June 18 after it announced a long-term partnership with the world’s second-largest truck maker, Volvo, to supply AI systems for its self-driving commercial trucks. Volvo will first pilot NVIDIA’s flexible, scalable autonomous driving system and later use the system in its commercial offerings.
- Market Realist•yesterday
What Exactly Happened in the Stock Markets Yesterday?
We saw a sharp rally in US markets yesterday. The S&P 500 (SPY) gained almost 1.0%. European Central Bank President Mario Draghi hinted at more stimulus amid the region’s sagging economic growth. While the move lifted markets, President Trump wasn’t very happy.
- Market Realist•yesterday
Trump Rally: Which Tech Stocks Rose Nearly 5%?
On June 18, the broader market rose sharply after President Trump’s tweet raised the possibility of a near-term solution to the ongoing US-China trade war. The US chip industry has been impacted by the trade war.
- MarketWatch•yesterday
Nvidia and Volvo join forces on driverless trucks to compete with Tesla
Nvidia Corp. and Volvo Group team up to go against the likes of Tesla Inc., Alphabet Inc. and others developing the commercial vehicles of the future.
- TheStreet.com•yesterday
Nvidia and Intel's Mobileye Both Continue Racking Up Autonomous Driving Deals
Volvo provided the latest evidence on Tuesday, when it announced that it plans to use Nvidia's Drive autonomous driving hardware/software platform within commercial vehicles such as trucks, buses and construction vehicles. The Swedish automaker says it will use Nvidia's powerful Drive AGX Pegasus computing board, declare to be capable of handling 320 trillion deep learning operations per second, as well as its Drive AV software stack and Drive Constellation driving simulation system.
- Zacks•2 days ago
Chipmakers QCOM and AVGO Bounce-Back After Rough Week
Recently, there has been significant turmoil surrounding the electronics component sector, specifically in wireless equipment and semiconductors. This was mostly due to the US blacklist of Huawei in May, coupled with increased US-China trade war tensions.
- InvestorPlace•2 days ago
Nasdaq Today: Chip Stocks Surge on Improving Trade-War Rhetoric
At one point on Tuesday, the Nasdaq was up about 2% on the day. Although the index eased off those gains going into afternoon trading, investors didn't completely take their foot off the gas.Source: Shutterstock Thanks to positive comments from President Donald Trump, the Nasdaq jumped 1.39% on the day, outperforming both the Dow Jones and S&P 500, which climbed 1.35% and 0.97%, respectively.So what did Trump say to cause such a rally? Well, the very opposite of what he said to derail the stock market rally last month. As trade-war worries flood Wall Street and wreak havoc on conference calls, the President tweeted that he, "Had a very good telephone conversation with President Xi of China. We will be having an extended meeting next week at the G-20 in Japan. Our respective teams will begin talks prior to our meeting."InvestorPlace - Stock Market News, Stock Advice & Trading TipsThis sent tech stocks, and in particular, chip stocks soaring on the day. In tech, the trade war has impacted everything from customer demand to declining margins thanks to increased tariffs. Some of the industry has been able to shake off the woes -- like Cisco Systems (NASDAQ:CSCO) and Microsoft (NASDAQ:MSFT) -- but not everyone has been so lucky. Biggest Winners in the Nasdaq TodayChipmakers stole the show Tuesday, as Advanced Micro Devices (NASDAQ:AMD), Nvidia (NASDAQ:NVDA) and Broadcom (NASDAQ:AVGO) -- here's how to trade AVGO stock -- all scorched higher on the day. * 5 Stocks to Buy for $20 or Less AMD raced higher by 4.3%, while Nvidia jumped 5.4% and Broadcom rallied 4.5%. The mere idea that the trade war talks could improve was enough to send these stocks skyward. It has got many on Wall Street wondering just how compressed this group is thanks to the friction between China and the White House. If the trade-war rhetoric remains positive ahead of the G-20 summit, it's possible for this group to continue higher.That said, investors also have to be aware of the Federal Reserve meeting on Wednesday. There's only a 24% chance of a rate cut announcement at this meeting, so most investors aren't expecting one yet. But they will be looking for a more dovish stance from the Fed, particularly following the European Central Bank's accommodative stance this week, and given the fact that the futures market is pricing in a 98% chance for at least one rate cut by December.So that's something to be aware of.NAND and DRAM players were also in the spotlight. Micron (NASDAQ:MU) jumped 5.7%, while equipment makers like Lam Research (NASDAQ:LRCX) and Applied Material (NASDAQ:AMAT) rallied 4.6% and 4.5%, respectively. Click to Enlarge Adobe Systems (NASDAQ:ADBE) is on investors' radar too, as it gears up to report second-quarter earnings after the close. Consensus expectations call for earnings of $1.78 per share on revenue of $2.7 billion. Those estimates suggest year-over-year growth of 18.5% and 23.2%, respectively.Finally, Microsoft is shaking off any worries about the trade war as shares hit new all-time highs. MSFT closed at $135.16, up 1.74%, while rallying almost 10% so far this month. Bottom Line on the Nasdaq TodayThe trade war is what dragged the Nasdaq from its all-time highs in early May. But a resolution is likely what will vault the index back up to them. The markets came into June in an oversold condition, but the bounce was most telling. After the Nasdaq, S&P 500 and Dow all rallied to start the month, the bears weren't able to push it back down.That action is important, suggesting that a larger rally was brewing after some consolidation. That extension could be taking place now, but we still have the Fed to get through.Fed Chair Powell has not been the smoothest talker when it comes to FOMC events, so it will be interesting to see how the market reacts tomorrow. A dovish Fed could ignite stocks even higher, while a hawkish Fed could undo many of today's nice gains. The same rally/puke potential exists with the President's Twitter account.All said, it was a very strong day for the Nasdaq today, although Facebook (NASDAQ:FB) was a noteworthy laggard.The social media giant finally announced its Libra cryptocurrency. While this was anything but a secret, it was interesting to see FB give up all of its Tuesday gains. Ending slightly lower on the day, down 29 basis points, is not what many investors had in mind given the strength in tech.The bottom line: Watch the Fed on Wednesday.Bret Kenwell is the manager and author of Future Blue Chips and is on Twitter @BretKenwell. As of this writing, Bret Kenwell is long AMD, NVDA and AVGO. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * 5 Red-Hot IPO Stocks to Buy for the Long Run * 5 Stocks to Buy for $20 or Less * 4 Dow Jones Stocks Ready to Rise Compare Brokers The post Nasdaq Today: Chip Stocks Surge on Improving Trade-War Rhetoric appeared first on InvestorPlace.
Motley Fool•2 days agoNVIDIA Teams With AB Volvo on Self-Driving Trucks
The GPU maker's stock is climbing on this new strategic partnership.
- Motley Fool•2 days ago
IBM Notches Another Supercomputer Win
A major oil and gas company will use the powerful new system to run data-heavy workloads.
- Benzinga•2 days ago
Nvidia To Partner With Volvo On Self-Driving Trucks
The Volvo Group and Nvidia Corporation (NASDAQ: NVDA) have announced a joint partnership to develop artificial intelligence (AI) for self-driving trucks. Work will begin immediately in Gothenburg, Sweden and Santa Clara, California. The announcement comes a week after Volvo, the world's second-largest truck maker after Daimler, said its self-driving truck "Vera" would begin transporting goods from a logistics center to a port terminal in Gothenburg in collaboration with logistics firm DFDS.
- TheStreet.com•2 days ago
Nvidia's Self-Driving Strategy Picks Up Speed as It Lands Volvo Partnership
is proving why it's one of the leaders in the autonomous driving movement. As Nvidia CEO Jensen Huang explained on a media conference call on Tuesday, the deal is the company's first end-to-end A.I. development, simulation and in-car partnership.
- InvestorPlace•2 days ago
AI News: Nvidia (NVDA), Volvo Team Up on Self-Driving Trucks Project
In the latest AI news, Nvidia (NASDAQ:NVDA) has partnered up with Volvo in order to develop the next generation in self-driving vehicles in the form of autonomous commercial trucks and industrial service vehicles.Source: Nvidia The partnership among the two companies will use Nvidia's Drive artificial intelligence platform, which combines processing data from sensors, perception systems, localization, mapping and path prediction, as well as planning. Volvo has already developed some freight vehicles with autonomous technology in early service, but these are only being deployed in very controlled environments and operate in a supervised manner at the Swedish port of Gothenburg.Nvidia and Volvo decided to team up in order to help test and deploy a number of autonomous vehicles with AI decision-making features on board, while also ensuring that these commercial vehicles are able to operate on their own on public roads and highways.InvestorPlace - Stock Market News, Stock Advice & Trading TipsThe two businesses are making the move for more than just transporting freight as they are hoping to build autonomous systems and vehicles capable of handling garbage and recycling pickup. Plus, they are aiming to create vehicles that can operate on construction sites, at mines, as well as in the forestry industry.Nvidia revealed on its blog that the solution will help to address increasing demand for global shipping, which has been driven by a higher demand for consumer package delivery.NVDA stock is up 5.7% on Tuesday. More From InvestorPlace * 10 Stocks to Buy That Wall Street Expects to Soar for the Rest of 2019 * 7 Top-Rated Biotech Stocks to Invest In Today * 5 Stocks to Buy for $20 or Less Compare Brokers The post AI News: Nvidia (NVDA), Volvo Team Up on Self-Driving Trucks Project appeared first on InvestorPlace.
