Here’s Why It’s The Right Time to Buy NVDA

NVIDIA also collaborated with Square Enix to unveil Final Fantasy XV Windows Edition for PC in Gamescom 2017, which is aimed at bringing an enhanced gaming experience to PCs. This deal is a positive for NVIDIA, as it will help the company gain market share among gaming content developers. Moreover, it joined forces with Activision to bring Destiny 2 online game to the PC for the first time.

The company’s Volta-based V100 accelerator was the most notable launch of late. The Volta V100 GPU provides 10 times more deep learning power to the company’s year-old predecessor, Pascal generation GPUs. Recently, Alibaba, Baidu BIDU and Tencent announced that they are adopting NVIDIA Volta GPUs in their datacenters and cloud server, joining Amazon, Facebook, Alphabet’s GOOGL Google and Microsoft MSFT.

Demand for NVIDIA’s HGX AI supercomputer also remained high as more organizations are keen on building AI-enabled applications. The company stated that Huawei, Inspur and Lenovo will be using its Volta HGX architecture to build AI systems for datacenters. During the quarter, NVIDIA launched TensorRT programmable inference acceleration platform, thereby improving the performance and reducing the cost of AI inferencing. Notably, more than 1,200 companies are already using this inference platform, including Amazon, Microsoft, Facebook, Google, Alibaba, Baidu, Hi Vision and Tencent.

The company also unveiled a new AI supercomputer chip designed for self-driving cars called Pegasus at its GPU Technology Conference in Europe. This new technology helps to drive fully autonomous robotaxis which can handle the concept of Level 5 self-driving vehicles and uses NVIDIA’s DRIVE PX 2 platform, trained on deep neural networks. Per the company, the new system is capable of delivering 320 trillion operations per second of performance, which is more than 10 times compared with its predecessor.

To Conclude

We expect these factors to help the company sustain strong momentum and stay afloat amid difficult times. Consequently, we suggest that investors buy the stock for the time being.

Will You Make a Fortune on the Shift to Electric Cars?

Here’s another stock idea to consider. Much like petroleum 150 years ago, lithium power may soon shake the world, creating millionaires and reshaping geo-politics. Soon electric vehicles (EVs) may be cheaper than gas guzzlers. Some are already reaching 265 miles on a single charge.

With battery prices plummeting and charging stations set to multiply, one company stands out as the #1 stock to buy according to Zacks research.

It’s not the one you think.

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