As the autonomous vehicle industry heats up, Nvidia's AI platforms continue to acquire more users. Already tied to China's Baidu and Tesla, Nvidia has recently added Uber and Volkswagen to its growing list of partners. Known for its computer graphic chips, Nvidia's technology is helping Uber's vehicles to perceive the world and make decisions based on those perceptions. Volvo will be putting its technology into its future lineup. As of now, 320 companies are using Nvidia's Drive technology in their self driving car endeavors.
These developments has led to bets that Nvidia would become the leader in AI, autonomous vehicles. Its stock has doubled over the last year making the chip manufacturer the third strongest performer on the S&P 500 over that period.
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