Why Shares of NVIDIA Corporation Jumped 12% in July

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.

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Source: Fool.com