NVIDIA Corporation’s (NASDAQ:NVDA) Price Target Raised Following Presentation at Wedbush …

NVIDIA Corporation (NASDAQ:NVDA) took the fans by surprise during Wedbush conference as it unveiled its next-gen supercomputer DRIVE PX 2. The company plans to host a Roborace championship, which, for the first time in the history, will pit autonomous cars in racing competition. The analyst sees the product as a huge leap forward in automation and believes it will help in further establishing Nvidia’s dominance in the industry. Wedbush analyst, Betsy Van Hees sees large cap auto manufacturers partnering with Nvidia for the production of autonomous cars in near future. The company’s presentation during the conference has now opened new verticals of business for the stock. The hardware is packed with the power of a supercomputer and features 12 cameras for sensory input. The input from these sensors will then be processed…


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