Latest news with #NvidiaDrive
Arabian Post
6 days ago
- Business
- Arabian Post
Stock market information for NVIDIA Corp
NVIDIA Corp is a equity in the USA market. The price is 154.31 USD currently with a change of 6.45 USD from the previous close. The latest trade time is Thursday, June 26, 17:06:55 +0530. Nvidia Surpasses Microsoft to Reclaim Global Valuation Crown Nvidia has overtaken Microsoft to retake its position as the world's most valuable publicly traded company, with a market capitalisation reaching approximately $3.77 trillion. The chipmaker's stock surged more than 4 per cent to close at a record $154.31, edging past Microsoft's $3.66 trillion and Apple's $3.01 trillion valuations this Wednesday. ADVERTISEMENT The rally was fuelled by upbeat investor sentiment at Nvidia's annual investor meeting, where CEO Jensen Huang highlighted growth avenues in artificial intelligence and robotics—particularly autonomous vehicles driven by the Nvidia Drive platform. In parallel, Loop Capital raised its price target to $250, citing an incoming 'Golden Wave' of generative AI adoption. Investor confidence also appears undeterred by current export restrictions in the US against China, which could cost Nvidia up to $8 billion in revenue in the second quarter. Huang criticised these measures, suggesting they have spurred Chinese competitors to accelerate their own technological development. Nonetheless, his remarks, combined with strong demand in China—which accounted for over $17 billion in revenue last fiscal year, representing 13.1 per cent growth—helped sustain bullish sentiment. The broader semiconductor sector mirrored Nvidia's momentum. Partner companies like Micron delivered robust earnings that signalled continued demand for high-bandwidth memory chips essential to AI workloads, while chipmakers such as Broadcom, Marvell and AMD also recorded gains. Nvidia's ascent is part of a larger trend: its share price has climbed nearly 15 per cent year-to-date, and approximately 80 per cent higher since early April lows, reversing a steep 37 per cent slump in April amid concerns over China and tariffs. Its stock now trades at roughly 30 times forward earnings—below its five‑year average of 40—pointing to comparatively tempered expectations. Market analysts argue that Nvidia's dominance in high‑end AI processors gives it durable pricing power and strong margins. Barclays raised its target to $200 and projected a valuation as high as $4.9 trillion, while Bernstein noted robust AI spending will further propel its momentum despite export limitations. Technical indicators support the bullish case: Nvidia broke through a rising‑wedge pattern; a golden‑cross formation and robust relative strength index readings all point to continued upside, with some predicting a possible move to $205 by late July, provided support holds above the $150 threshold. Nvidia's dominance adds fuel to a broader tech market upswing. The S&P 500 technology segment hit record highs, driven largely by AI-related optimism. Chief clients such as Microsoft, OpenAI, xAI and Meta continue placing increasing orders, reinforcing Nvidia's central role in the global AI hardware ecosystem. The company's trajectory contrasts with Microsoft, whose market capitalisation, though still massive, failed to keep pace amid Nvidia's surge: Microsoft stock was last trading at $492.27 with a market cap near $2.79 trillion. Apple trails further behind at around $3.28 trillion. The dynamic among Nvidia, Microsoft and Apple illustrates a high‑stakes valuation game driven by AI. Nvidia's technical dominance, combined with favourable analytics and supply‑chain signals, supports the thesis that it will retain its lead in the near term. Yet, external factors such as evolving export rules, geopolitical tensions and competitive responses—including efforts by Chinese chipmakers—could pose challenges.
Entrepreneur
12-06-2025
- Automotive
- Entrepreneur
Nvidia CEO Says This Is the Decade of Autonomous Vehicles
At the VivaTech conference in Paris this week, Nvidia revealed its autonomous vehicle development platform for automakers to build self-driving cars. Nvidia CEO Jensen Huang predicts the global autonomous vehicle and robotics industries are set to see significant growth in the next few years. "This is going to be the decade of AV [autonomous vehicles], robotics, autonomous machines," Huang told CNBC in an interview at the VivaTech conference in Paris on Thursday. At VivaTech, Nvidia debuted Nvidia Drive, an autonomous vehicle development platform allowing automakers to build self-driving cars. The company also released Cosmos Predict-2, a new AI model trained on 20,000 hours of real-world driving data, which allows self-driving cars to perform well in challenging weather conditions like fog and rain. Related: Nvidia's CEO Says It No Longer Matters If You Never Learned to Code: 'There's a New Programming Language' Nvidia sells both hardware and software products for autonomous vehicles, including the Nvidia DGX software platform, which trains self-driving cars on different driving scenarios. Nvidia CEO Jensen Huang at the VivaTech trade show. PhotoHuang has predicted growth in the autonomous vehicle market for some time. In January, he said in a keynote at the consumer tech conference CES that "the autonomous vehicle revolution is here." "You're going to see the pace of AV development increasing tremendously over the next several years," he said at the event. Last month, Huang told Yahoo Finance that one day "every single car" will have an autonomous component. Related: Uber CEO Wants to Partner With Tesla on Robotaxis Because 'No One Wants to Compete Against Tesla or Elon' Self-driving cars are becoming more common in the U.S., with Google-owned Waymo providing 250,000 paid robotaxi trips per week in cities like Los Angeles, Phoenix, and Austin. Customers are willing to pay more for the robotaxi experience. According to a report shared with TechCrunch on Thursday, Waymo rides are more expensive than Lyft and Uber rides, but riders pay more anyway. The average price of a Waymo is about $11 more per trip than a Lyft and $9.50 more than an Uber. Uber CEO Dara Khosrowshahi said in January that autonomous vehicles would take over the jobs of human Uber drivers within the next 10 to 20 years. Uber drivers made three billion trips in the first quarter of 2025, a 14% year-over-year growth in monthly active customers. Related: Uber's CEO Says Drivers Have About 10 Years Left Before They Will Be Replaced Nvidia mentioned in its latest financial results last month that revenue from its automotive division was $329 million, up 11% year-over-year due to its self-driving technology. Nvidia's Chief Financial Officer, Colette Kress, said in a conference call with analysts that Chinese EV maker Xiaomi built its SU7 sedan on Nvidia's self-driving platform. Nvidia is one of the most valuable companies in the world at the time of writing, second only to Microsoft, with a market cap of over $3.5 trillion.
