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NVIDIA (NVDA) Unveils Jetson TX2; Strengthens Foothold in AI
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Graphic chip behemoth, NVIDIA Corp. (NVDA - Free Report) continues to strengthen its foothold in the artificial intelligence (AI) space. The company introduced NVIDIA Jetson TX2, a smaller open platform to develop more energy-efficient AI computer, making possible a new class of intelligent machines.
This new Jetson TX2 is doubly efficient than its predecessors (Jetson TX1 and TK1). At the same time Jetson TX2 uses less than 7.5 watts of power supply and is specially designed for factory robots, commercial drones and smart cameras for AI cities. We believe this will result in smarter devices with higher accuracy and faster response times.
The technical specifications of the product are quite impressive. With 32GB eMMC storage, 1GB Ethernet networking and Dual 64-bit NVIDIA Denver 2, Quad ARM A57 CPU, this new Pascal-based GPUs mark the biggest enhancement in the history of embedded computing. Priced at $599, Jetson TX2 is now available in the U.S. and Europe. The company will begin shipping the product on Mar 14.
According to Deepu Talla, vice president and general manager of the Tegra business at NVIDIA, “Jetson TX2 brings powerful AI capabilities at the edge, making possible a new class of intelligent machines." He also added, "These devices will enable intelligent video analytics that keep our cities smarter and safer, new kinds of robots that optimize manufacturing, and new collaboration that makes long-distance work more efficient."
With the launch of this open platform, NVIDIA can maximize user experience by offering more energy-efficient AI capabilities. Hence, the launch of this product will enable NVIDIA to increase its customer base and help in garnering additional revenues.
Consumers are increasingly using cameras to stay in their lane and lower accidents but this is not the primary reason behind the development of this technology. The chipmaker also shared that more companies are already using the TX2 in different ways. One of them is Cisco Systems, Inc. (CSCO - Free Report) which is using this open platform that aids screen sharing, interactive whiteboarding and video conferencing. NVIDIA is trying to revolutionize technology to make devices faster, smarter and more accurate. This, in turn, is expected to benefit NVIDIA going forward.
To Conclude
Recently, NVIDIA posted impressive fourth-quarter fiscal 2017 results and provided an encouraging first-quarter revenue guidance. Also, the company registered year-over-year growth on both counts, primarily due to growth across all its four platforms. Also, better-than-expected demand for its gaming chips used in personal computers helped the company to post encouraging results.
Moreover, we believe that NVIDIA’s innovative product pipeline and strength in gaming and high-end notebook GPUs keep it well positioned. The higher adoption of NVIDIA’s Tegra processors could also act as a catalyst, going forward.
Nonetheless, competition from the likes of Intel (INTC - Free Report) and QUALCOMM Inc. (QCOM - Free Report) remains a near-term headwind.
The stock has been clocking solid returns over the past one year and has gained 211.06%, outperforming the Zacks categorized Semiconductor-General industry’s gain of just about 40.50%.
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NVIDIA (NVDA) Unveils Jetson TX2; Strengthens Foothold in AI
Graphic chip behemoth, NVIDIA Corp. (NVDA - Free Report) continues to strengthen its foothold in the artificial intelligence (AI) space. The company introduced NVIDIA Jetson TX2, a smaller open platform to develop more energy-efficient AI computer, making possible a new class of intelligent machines.
This new Jetson TX2 is doubly efficient than its predecessors (Jetson TX1 and TK1). At the same time Jetson TX2 uses less than 7.5 watts of power supply and is specially designed for factory robots, commercial drones and smart cameras for AI cities. We believe this will result in smarter devices with higher accuracy and faster response times.
The technical specifications of the product are quite impressive. With 32GB eMMC storage, 1GB Ethernet networking and Dual 64-bit NVIDIA Denver 2, Quad ARM A57 CPU, this new Pascal-based GPUs mark the biggest enhancement in the history of embedded computing. Priced at $599, Jetson TX2 is now available in the U.S. and Europe. The company will begin shipping the product on Mar 14.
According to Deepu Talla, vice president and general manager of the Tegra business at NVIDIA, “Jetson TX2 brings powerful AI capabilities at the edge, making possible a new class of intelligent machines." He also added, "These devices will enable intelligent video analytics that keep our cities smarter and safer, new kinds of robots that optimize manufacturing, and new collaboration that makes long-distance work more efficient."
With the launch of this open platform, NVIDIA can maximize user experience by offering more energy-efficient AI capabilities. Hence, the launch of this product will enable NVIDIA to increase its customer base and help in garnering additional revenues.
Consumers are increasingly using cameras to stay in their lane and lower accidents but this is not the primary reason behind the development of this technology. The chipmaker also shared that more companies are already using the TX2 in different ways. One of them is Cisco Systems, Inc. (CSCO - Free Report) which is using this open platform that aids screen sharing, interactive whiteboarding and video conferencing. NVIDIA is trying to revolutionize technology to make devices faster, smarter and more accurate. This, in turn, is expected to benefit NVIDIA going forward.
To Conclude
Recently, NVIDIA posted impressive fourth-quarter fiscal 2017 results and provided an encouraging first-quarter revenue guidance. Also, the company registered year-over-year growth on both counts, primarily due to growth across all its four platforms. Also, better-than-expected demand for its gaming chips used in personal computers helped the company to post encouraging results.
Moreover, we believe that NVIDIA’s innovative product pipeline and strength in gaming and high-end notebook GPUs keep it well positioned. The higher adoption of NVIDIA’s Tegra processors could also act as a catalyst, going forward.
Nonetheless, competition from the likes of Intel (INTC - Free Report) and QUALCOMM Inc. (QCOM - Free Report) remains a near-term headwind.
The stock has been clocking solid returns over the past one year and has gained 211.06%, outperforming the Zacks categorized Semiconductor-General industry’s gain of just about 40.50%.
Currently, NVIDIA has a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 (Strong Buy) Rank stocks here
8 Stocks with Huge Profit Potential
Just released: Driverless Cars: Your Roadmap to Mega-Profits Today. In this latest Special Report, Zacks’ Aggressive Growth Strategist Brian Bolan explores a full-blown technological breakthrough in the making – autonomous cars. He also spotlights 8 stocks with tremendous gain potential to feed off this phenomenon. Click to see the stocks right now >>