Nvidia's auto business doubled last quarter. Here's why CEO Jensen Huang believes it's just the beginning.
Published On Feb 28, 2025, 6:00 AM
Nvidia's automotive business has doubled in revenue, reaching $570 million last quarter, a 27% increase from the previous quarter and more than doubling from the previous year. The company forecasts its automotive revenue could grow to $5 billion this fiscal year. CEO Jensen Huang emphasizes the potential for growth in autonomous vehicles and AI technologies, predicting this sector could evolve into a multitrillion-dollar industry.
Stock Forecasts
NVDA
Positive
Nvidia is strategically positioning itself in the automotive sector, leveraging AI to enhance autonomous driving technologies. This expected growth, driven by new partnerships and increasing demand for electric and self-driving vehicles, should positively impact Nvidia's stock performance.
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