NVIDIA’s Strong Position in the Semiconductor Market
NVIDIA Corporation (NASDAQ:NVDA) is recognized as a top contender among semiconductor stocks right now. A significant development occurred on July 28, when MicroVision Inc. (NASDAQ:MVIS) announced that their MOVIA lidar system is now fully integrated with the NVIDIA DRIVE AGX platform. This exciting news allows automotive manufacturers to leverage MicroVision’s advanced perception-enhanced lidar solutions.
The NVIDIA DRIVE AGX Platform: A Game Changer for Autonomous Vehicles
The DRIVE AGX platform utilized by NVIDIA serves as an AI computing powerhouse, primarily aimed at enhancing autonomous driving capabilities in smart vehicles. According to Glen DeVos, the CTO of MicroVision, this integration provides automotive OEMs and their partners with detailed point cloud data that has already been intelligently processed by the MOVIA sensor’s internal algorithms.
Commercial Applications of MOVIA Lidar Sensors
Speaking of MOVIA, the L sensor reflects a fully industrial-grade, solid-state solution tailored for commercial trucking needs. On the horizon is the MOVIA S sensor, which promises to deliver high performance at a highly competitive price point, making it an excellent fit for the automotive industry’s requirements given its volume.
About NVIDIA and MicroVision
NVIDIA Corporation is a global leader in providing innovative graphics, computing, and networking solutions. Meanwhile, MicroVision Inc. focuses on developing cutting-edge perception technologies designed for autonomy within mobility solutions.
Looking Beyond NVIDIA: Potential AI Investments
While NVDA shows tremendous growth potential, we think there’s a strong case for exploring AI stocks that may offer even higher returns with less risk. If you’re interested in uncovering a standout AI stock with the kind of upside that goes up to 100 times, be sure to check out our report on this affordable AI investment.
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Disclosure: No positions. This article originally appeared on Insider Monkey.
