Nvidia ( (NVDA) ) has been popular among investors this week. Here is a recap of the key news on this stock.
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Nvidia has recently announced a collaboration with Uber to enhance the development of autonomous vehicles. This partnership allows Nvidia to leverage Uber’s extensive driving data to improve AI model training, focusing on challenging driving scenarios such as airport pickups and complex intersections. By utilizing its powerful cloud computing platform, Nvidia aims to enhance the safety of future self-driving applications. Additionally, Nvidia is investing in robotics technology, supporting startups like Lila Sciences to advance scientific superintelligence through AI-controlled robotic tools.
On Wall Street, Nvidia’s stock (NVDA) has received a Strong Buy consensus from analysts, with a price target suggesting a 23.5% upside potential. The recent decision by Donald Trump to hold off on federal intervention in San Francisco has also positively influenced investor sentiment towards Nvidia. This optimism is expected to boost confidence in the tech sector, potentially benefiting tech-heavy ETFs and stocks like Nvidia, as the perception of a stable environment in San Francisco grows.