What Is Driving The Surge In Nvidia’s Automotive Revenues?

Leading GPU manufacturer, Nvidia (NASDAQ:NVDA) reported its Q3’17 results on November 10th. In Q3, the company’s  automotive revenues increased at 61% on a year-over-year basis to $127 million. The key reason driving this growth is the fact that the company is witnessing strong demand for its DRIVE PX 2 platform from autonomous car makers. In this analysis, we discuss key factors driving this demand. Nvidia’s Offering An Essential Part In The Self-Driving Car Supply Chain Self-Driving vehicles offer a huge opportunity for a number of companies to step in and become integral parts of the entire self-driving car supply chain or to establish themselves as key players in the market. Nvidia is successfully capitalizing on this opportunity by integrating its deep learning expertise in processing the data and functionality to precisely help locate…

Link to Full Article: What Is Driving The Surge In Nvidia’s Automotive Revenues?

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