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THIS COMPUTING GIANT WILL POWER SELF-DRIVING CARS
Today, we're looking at a company in the early stages of a powerful tech trend...
Regular readers know we love finding big trends to invest in. For instance, the auto industry and other players are investing billions to develop self-driving cars. They use powerful computer chips that perform several hundred trillion operations every second... analyzing road conditions, traffic, and other hazards. That brings us to the leader in this space...
Nvidia (NVDA) is a $140 billion computer-chip designer. It focuses on chips that serve high-demand uses, like computer servers, gaming devices... and self-driving cars.
For now, demand is declining in Nvidia's existing segments. But as automakers buy more pricey chips for autonomous vehicles in the next decade, the market expects sales to take off.
Just this week, Nvidia introduced a new chip system, which it anticipates will be incorporated into 2022 self-driving models.
NVDA shares have soared nearly 60% over the past year to a new 52-week high. As cars gain more self-driving capabilities, Nvidia is well-positioned to benefit...
Source: Daily Wealth