Nvidia's automotive revenue, growing at 72% year-on-year, reached $567 million, showcasing robust demand for self-driving and new energy vehicles. CFO Collette Kress indicated projected revenues could hit $5 billion this fiscal year, aided by collaborations with major automakers like Mercedes-Benz, Hyundai, and GM. Although Tesla and Google’s Waymo lead in self-driving tech, questions remain about the connection between electric vehicles (EVs) and self-driving capabilities, with fossil fuel engines possibly continuing to dominate the market for years to come.
Nvidia's automotive revenue surged 72% year-on-year to $567 million, reflecting strong demand for self-driving technology and new energy vehicles.
CFO Collette Kress projected a growth to $5 billion in automotive vertical revenue, driven by successful partnerships with major automakers.
The development of self-driving cars is progressing rapidly, with Tesla and Waymo leading, but a direct link between EVs and self-driving features remains unclear.
Despite expectations for over 80 million new car sales, the dominance of fossil fuel engines could persist for decades, challenging electric vehicle forecasts.
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