Meet Nvidia's Next Big Catalyst
The automotive business has been an underperformer for Nvidia (NASDAQ: NVDA) despite the massive hype that has surrounded the segment over the years. The graphics specialist was once heralded as a top play on the autonomous vehicle industry as it was an early mover in this space, supplying chips to Tesla and other major automakers a few years ago.
However, Nvidia's automotive growth lost momentum once it became evident that autonomous vehicles were still some time away, and other technology companies were leaving no stone unturned to attack this potentially lucrative market. The good news is that Nvidia's automotive prospects appear to be back on track now.
Image source: Getty Images.
Source Fool.com
