NVIDIA Corporation (NVDA) Partners with Bosch for System Based on Next-Generation DRIVE PX Xavier Platform

NVIDIA Corporation (NASDAQ:NVDA) and Bosch, the world’s largest automotive supplier, announced a partnership to develop artificial intelligence self-driving systems for mass market cars.

Bosch CEO Dr. Volkmar Denner unveiled the collaboration during his keynote address at Bosch Connected World, in Berlin, at Bosch Group’s annual Internet of Things conference.

NVIDIA and Bosch are developing an AI self-driving car computer built on NVIDIA’s deep learning software and hardware that enables vehicles to be trained on the complexities of driving, operated autonomously and updated over the air with new features and capabilities.

“Self-driving cars is a challenge that can finally be solved with recent breakthroughs in deep learning and artificial intelligence,” said Jen-Hsun Huang, founder and CEO, NVIDIA. “Using DRIVE PX AI car computer, Bosch will build automotive-grade systems for the mass production of autonomous cars. Together we will realize a future where autonomous vehicles make mobility safe and accessible to all.”

“Automated driving makes roads safer, and artificial intelligence is the key to making that happen,” said Denner. “We are making the car smart.”

The Bosch AI car computer system will be based on next-generation NVIDIA DRIVE™ PX technology with Xavier, the upcoming AI car superchip, the world’s first single-chip processor designed to achieve level-4 autonomous driving. The unprecedented level of performance of Xavier is necessary to handle the massive amount of computation required for the tasks self-driving vehicles must perform. These include running deep neural nets to sense surroundings, understanding the 3D environment, localizing themselves on an HD map, predicting the behavior and position of other objects, as well as computing car dynamics and a safe path forward.

Shares of Nvidia are currently trading at $100.93, down $0.85 or -0.84%. NVDA has a 1-year high of $120.92 and a 1-year low of $31.75. The stock’s 50-day moving average is $107.18 and its 200-day moving average is $88.18.

On the ratings front, Nvidia has been the subject of a number of recent research reports. In a report issued on March 13, Jefferies Co. analyst Mark Lipacis reiterated a Buy rating on NVDA, with a price target of $140, which implies an upside of 37% from current levels. Separately, on March 10, Citigroup’s Atif Malik maintained a Buy rating on the stock and has a price target of $145.

According to TipRanks.com, which ranks over 7,500 financial analysts and bloggers to gauge the performance of their past recommendations, Mark Lipacis and Atif Malik have a yearly average return of 31.1% and 5.0% respectively. Lipacis has a success rate of 81% and is ranked #4 out of 4539 analysts, while Malik has a success rate of 59% and is ranked #1386.

Overall, 4 research analysts have rated the stock with a Sell rating, 9 research analysts have assigned a Hold rating and 14 research analysts have given a Buy rating to the stock. When considering if perhaps the stock is under or overvalued, the average price target is $109.95 which is 7.5% above where the stock opened today.

NVIDIA Corp. designs and manufactures computer graphics processors, chipsets, and related multimedia software. The company operates through two segments: Graphics Processing Unit and Tegra Processor. The Graphics Processing Unit segment includes sales of the company’s GeForce discrete and chipset products that supports desktop and notebook PCs plus license fees from Intel and sales of memory products. The Tegra Processors segment provides processors that deliver superior visual and multimedia experience on tablets, smart phones and gaming devices while consuming minimal power. 

Stay Ahead of Everyone Else

Get The Latest Stock News Alerts