Needham Weighs in on NVIDIA Corporation (NVDA) Following Hot Chip Symposium

At the Hot Chips symposium, a technological event held every August on Stanford University’s campus where fellow processor makers offer new details about future designs, NVIDIA Corporation (NASDAQ:NVDA) announced its new Parker system on-chip (SoC) for Autonomous Vehicles. As the graphics card giant continues making aggressive moves into the autonomous automative space, Needham top analyst Rajvindra Gill finds NVIDIA in a solid position to gain market share. Note that the advantage of Parker is that it is scalable, lending automakers the ability to use individually or integrated into more complex designs. Gill highlights that a key benefit of NVDA’s new Parker SoC is its maximized performance, “capable of 24 trillion deep learning operations per second.” The company’s complex design, the Drive PX2 can process inputs at a much higher level…


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