We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
NVIDIA Introduces AI Computer & More at GPU Conference
Read MoreHide Full Article
Graphic chip behemoth, NVIDIA Corp. (NVDA - Free Report) has been trying to strengthen its foothold in the artificial intelligence (AI) space. During the 2016 GPU Technology Conference in China, the company introduced NVIDIA DRIVE PX 2, a smaller and more energy-efficient AI computer that automakers can use for self-driving cars.
DRIVE PX 2 is powered by Baidu, Inc.’s (BIDU - Free Report) AutoBrain technology that facilitates mapping, detecting, positioning and decision making. Earlier this month, NVIDIA and Baidu, a Beijing-based Internet search company, announced a strategic alliance to focus on using AI to develop a computing platform for self-driving cars.
According to Rob Csongor, vice president and general manager of Automotive at NVIDIA, "Bringing an AI computer to the car in a small, efficient form factor is the goal of many automakers." Furthermore, "NVIDIA DRIVE PX 2 in the car solves this challenge for our OEM and tier 1 partners, and complements our data center solution for mapping and training."
Consumers are increasingly using cameras to stay in their lane and lower accidents but this is not the main reason behind the development of this technology. Statistics show a dramatic rise in distracted driving and how a new auto technology like Automatic Emergency Braking (AEB) can prevent tens of thousands of rear-end collisions per year, thus saving countless lives. NVIDIA is also trying to revolutionize technology to make cars a safer means of getting around. This, in turn, is expected to benefit NVIDIA going forward.
NVIDIA also introduced two new GPUs (graphics processing unit) — the Tesla P4 and Tesla P40, the most advanced accelerator.
Both the GPUs, based on NVIDIA’s next generation Pascal architecture, feature 8-bit (INT8) operations and provide 45 times faster response than older Intel (INTC - Free Report) CPUs and GPUs launched less than a year ago.
The company claims that the GPUs accelerator enhances high performance computing (HPC), deep learning and is suited for intensive computational workloads at data centers.
NVIDIA continues to be the world’s biggest graphic processing hardware provider for PCs since the past several decades. However, the company’s latest announcements (after it started supplying chips for autonomous vehicles) indicated that it intends to be the largest player in the machine learning arena too.
Furthermore, by expanding its business avenues, the company will be able to reduce its dependency on the PC industry, which is currently declining.
We believe that the company is growing well in the AI business as is evident from the recently reported quarterly results and was one of the very few chip makers that performed well on the stock market. Shares of NVIDIA gained nearly 167.7% in the last one-year period while returning approximately 84.3% year-to-date.
Interested in IPOs? Check out the special edition of Zacks Friday Finish Line below, where Editor Maddy Johnson and Content Writer Ryan McQueeney interview Kathleen Smith of Renaissance Capital about the IPO market in 2016 (see part two here).
Confidential from Zacks
Beyond this Analyst Blog, would you like to see Zacks' best recommendations that are not available to the public? Our Executive VP, Steve Reitmeister, knows when key trades are about to be triggered and which of our experts has the hottest hand. Click to see them now>>
Unique Zacks Analysis of Your Chosen Ticker
Pick one free report - opportunity may be withdrawn at any time
Image: Bigstock
NVIDIA Introduces AI Computer & More at GPU Conference
Graphic chip behemoth, NVIDIA Corp. (NVDA - Free Report) has been trying to strengthen its foothold in the artificial intelligence (AI) space. During the 2016 GPU Technology Conference in China, the company introduced NVIDIA DRIVE PX 2, a smaller and more energy-efficient AI computer that automakers can use for self-driving cars.
DRIVE PX 2 is powered by Baidu, Inc.’s (BIDU - Free Report) AutoBrain technology that facilitates mapping, detecting, positioning and decision making. Earlier this month, NVIDIA and Baidu, a Beijing-based Internet search company, announced a strategic alliance to focus on using AI to develop a computing platform for self-driving cars.
According to Rob Csongor, vice president and general manager of Automotive at NVIDIA, "Bringing an AI computer to the car in a small, efficient form factor is the goal of many automakers." Furthermore, "NVIDIA DRIVE PX 2 in the car solves this challenge for our OEM and tier 1 partners, and complements our data center solution for mapping and training."
Consumers are increasingly using cameras to stay in their lane and lower accidents but this is not the main reason behind the development of this technology. Statistics show a dramatic rise in distracted driving and how a new auto technology like Automatic Emergency Braking (AEB) can prevent tens of thousands of rear-end collisions per year, thus saving countless lives. NVIDIA is also trying to revolutionize technology to make cars a safer means of getting around. This, in turn, is expected to benefit NVIDIA going forward.
NVIDIA also introduced two new GPUs (graphics processing unit) — the Tesla P4 and Tesla P40, the most advanced accelerator.
Both the GPUs, based on NVIDIA’s next generation Pascal architecture, feature 8-bit (INT8) operations and provide 45 times faster response than older Intel (INTC - Free Report) CPUs and GPUs launched less than a year ago.
The company claims that the GPUs accelerator enhances high performance computing (HPC), deep learning and is suited for intensive computational workloads at data centers.
NVIDIA continues to be the world’s biggest graphic processing hardware provider for PCs since the past several decades. However, the company’s latest announcements (after it started supplying chips for autonomous vehicles) indicated that it intends to be the largest player in the machine learning arena too.
Furthermore, by expanding its business avenues, the company will be able to reduce its dependency on the PC industry, which is currently declining.
We believe that the company is growing well in the AI business as is evident from the recently reported quarterly results and was one of the very few chip makers that performed well on the stock market. Shares of NVIDIA gained nearly 167.7% in the last one-year period while returning approximately 84.3% year-to-date.
NVIDIA CORP Price
NVIDIA CORP Price | NVIDIA CORP Quote
NVIDIA has a Zacks Rank #1 (Strong Buy). A stock in the broader technology sector worth considering is Ambarella, Inc. (AMBA - Free Report) , also sporting a Zacks Rank #1. You can see the complete list of today’s Zacks #1 Rank stocks here.
Interested in IPOs? Check out the special edition of Zacks Friday Finish Line below, where Editor Maddy Johnson and Content Writer Ryan McQueeney interview Kathleen Smith of Renaissance Capital about the IPO market in 2016 (see part two here).
Confidential from Zacks
Beyond this Analyst Blog, would you like to see Zacks' best recommendations that are not available to the public? Our Executive VP, Steve Reitmeister, knows when key trades are about to be triggered and which of our experts has the hottest hand. Click to see them now>>