Whether you are keen on the stock split or not, NVDA stock is one to hold forever. With this acquisition, Nvidia will be able to offer the best mapping and localization capabilities on DRIVE and ensure that the vehicles are a notch better than the others in the industry. NVIDIA Drive is an end-to-end platform that provides neural network training in the data center. AVs offer higher precision and this acquisition will allow the company to scale across its AV fleets. It will help Nvidia bring the best technology to the table. This acquisition is made right in time when the world is moving to AVs. Nvidia recently announced the acquisition of DeepMap, a startup that builds maps for autonomous vehicles. Timely Expansion in the Autonomous Vehicle Industry Nvidia is not just a company that is known for GPUs, it has made strong moves into the world of cryptocurrency and has a lot more to offer on the business model. We should expect higher contribution of the data centers towards the revenue of the company. When it comes to AI, there is ample opportunity for the company to grow and the sales are only going to increase in the coming quarters. It is constantly expanding from manufacturing to electric vehicles and telecommunication. Nvidia is ahead of its time and it has already proved that the gaming industry is not the only one that will need AI technology.
(NASDAQ: INTC) but Nvidia made the right moves at the right time. This sector was previously dominated by Intel Corp. Additionally, the company also announced Grace, a CPU that is designed to pair with the GPUs and is built for applications including AI. This unit will replace the traditional CPUs. Data centers are an important aspect of various businesses and Nvidia unveiled a data processing unit bang in time.
The data center business exceeded sales of $2 billion for the first time and it is up 79% year over year. Nvidia has entered the world of data centers with its GPU accelerators. The company strives to provide AI and data science solutions for every industry. There is an increase in the use of artificial intelligence which is increasing the demand for faster chips. The company’s graphics processing units have become the gold standard for gaming.
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