We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Will NVIDIA Stock Benefit from Intel's Acquisition of Mobileye?
Read MoreHide Full Article
When semiconductor chip maker Intel Corp. (INTC - Free Report) announced its acquisition of Israeli self-driving car firm Mobileye NV (MBLY - Free Report) , it sent shock waves through the tech, automaker, and driverless car industries. The deal will combine Intel’s processors with Mobileye’s renowned computer vision, making it the biggest purchase of a company that’s solely focused on the self-driving market.
Intel and Mobileye have a storied past, working together on various projects in the past. Last July, the two companies announced a partnership with BMW with the goal of putting autonomous cars on the streets by 2021, and then in November, they partnered with auto parts maker Delphi to create the Automated Driving Group, building a self-driving car system that can be sold to automakers.
With this type of partnership in mind, Intel and Mobileye’s biggest competitor going forward will be NVIDIA Corp. (NVDA - Free Report) and its collaboration with Tesla Inc. (TSLA - Free Report) . NVIDIA is best known for its gaming and smartphone graphics chips, but like Intel, the company has been developing computing hardware for cars.
Last September, NVIDIA announced its Xavier supercomputer chip, which is powered by the 512-core Volta GPU intended for use in self-driving vars. The chip maker also announced its PX 2 water-cooled “supercomputer,” which Tesla employs in its electric vehicles.
NVIDIA works closely with Volkswagen’s Audi unit and Daimler AG within the driverless car industry, too.
So, what does this mean for NVDA stock?
Just today, shares of NVDA closed up 2.75% to $101.85 per share, and though the stock has stumbled a bit in 2017, it has absolutely skyrocketed over the past one, three, and five years, up 207%, 441%, and 580%, respectively.
Today’s upward movement could be because investors are betting that Intel’s Mobileye buyout is validation of the driverless industry as a whole, as well as NVIDIA’s “own dominance and expertise in the autonomous driving sector,” notes Forbes.
NVIDIA was one of the hottest stocks in the S&P 500 last year, and there’s a very good chance it could perform that way again in 2017.
5 Trades Could Profit "Big-League" from Trump Policies
If the stocks above spark your interest, wait until you look into companies primed to make substantial gains from Washington's changing course.
Today Zacks reveals 5 tickers that could benefit from new trends like streamlined drug approvals, tariffs, lower taxes, higher interest rates, and spending surges in defense and infrastructure. See these buy recommendations now >>
Zacks' 7 Best Strong Buy Stocks (New Research Report)
Valued at $99, click below to receive our just-released report predicting the 7 stocks that will soar highest in the coming month.
Image: Bigstock
Will NVIDIA Stock Benefit from Intel's Acquisition of Mobileye?
When semiconductor chip maker Intel Corp. (INTC - Free Report) announced its acquisition of Israeli self-driving car firm Mobileye NV (MBLY - Free Report) , it sent shock waves through the tech, automaker, and driverless car industries. The deal will combine Intel’s processors with Mobileye’s renowned computer vision, making it the biggest purchase of a company that’s solely focused on the self-driving market.
Intel and Mobileye have a storied past, working together on various projects in the past. Last July, the two companies announced a partnership with BMW with the goal of putting autonomous cars on the streets by 2021, and then in November, they partnered with auto parts maker Delphi to create the Automated Driving Group, building a self-driving car system that can be sold to automakers.
With this type of partnership in mind, Intel and Mobileye’s biggest competitor going forward will be NVIDIA Corp. (NVDA - Free Report) and its collaboration with Tesla Inc. (TSLA - Free Report) . NVIDIA is best known for its gaming and smartphone graphics chips, but like Intel, the company has been developing computing hardware for cars.
Last September, NVIDIA announced its Xavier supercomputer chip, which is powered by the 512-core Volta GPU intended for use in self-driving vars. The chip maker also announced its PX 2 water-cooled “supercomputer,” which Tesla employs in its electric vehicles.
NVIDIA works closely with Volkswagen’s Audi unit and Daimler AG within the driverless car industry, too.
So, what does this mean for NVDA stock?
Just today, shares of NVDA closed up 2.75% to $101.85 per share, and though the stock has stumbled a bit in 2017, it has absolutely skyrocketed over the past one, three, and five years, up 207%, 441%, and 580%, respectively.
Today’s upward movement could be because investors are betting that Intel’s Mobileye buyout is validation of the driverless industry as a whole, as well as NVIDIA’s “own dominance and expertise in the autonomous driving sector,” notes Forbes.
NVIDIA was one of the hottest stocks in the S&P 500 last year, and there’s a very good chance it could perform that way again in 2017.
5 Trades Could Profit "Big-League" from Trump Policies
If the stocks above spark your interest, wait until you look into companies primed to make substantial gains from Washington's changing course.
Today Zacks reveals 5 tickers that could benefit from new trends like streamlined drug approvals, tariffs, lower taxes, higher interest rates, and spending surges in defense and infrastructure. See these buy recommendations now >>