Why Shares of NVIDIA Corporation Jumped 12% in July
Shares of NVIDIA Corporation (NASDAQ: NVDA) were up 12.4% in July, according to data provided by S&P Global Market Intelligence, after the company announced driverless car partnerships with both Baidu (NASDAQ: BIDU) and Audi (NASDAQOTH: AUDVF).
NVIDIA has been building out its semi-autonomous driving supercomputer, called Drive PX 2, for a while now, but the company expanded its prospects in July when it announced that it would partner with Baidu on self-driving projects and that its latest tech is inside Audi's new A8.
Image source: Getty Images.
Source: Fool.com
Baidu Inc. A ADR Stock
€103.60
1.570%
With 35 Buy predictions and not a single Sell prediction Baidu Inc. A ADR is an absolute favorite of our community.
With a target price of 167 € there is a hugely positive potential of 61.2% for Baidu Inc. A ADR compared to the current price of 103.6 €.
