Tesla (TSLA) Autonomous Update Positive for NVIDIA (NVDA) Ecosystem - Mizuho

October 20, 2016 7:45 AM EDT
Get Alerts NVDA Hot Sheet
Price: $88.45 +0.92%

Rating Summary:
    23 Buy, 18 Hold, 2 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 11 | Down: 31 | New: 42
Trade NVDA Now!
Join SI Premium – FREE

News and research before you hear about it on CNBC and others. Claim your 2-week free trial to StreetInsider Premium here.

Mizuho Securities analyst Vijay Rakesh reiterated a Buy rating and $66 price target on NVIDIA (NASDAQ: NVDA) after Tesla (NASDAQ: TSLA) announced a move to L4/L5 using NVIDIA over Mobileye (NASDAQ: MBLY).

Rakesh commented, "Tesla's Elon Musk announcing a future roadmap, noting Tesla car's going forward will use NVDA's Titan GPU away from the MBLY . Assuming all the ~90K cars/year that Tesla builds, it is ~$25M revenue incrementally for NVDA if Tesla outfits all cars. This underlines positive trend for NVDA's GPU implementation. As we have noted the need for fusion solutions drives competition to camera systems with NXPI's Bluebox, Intel's Xeon, XLNX Renesas R-Car among others, but also now raises the bar for other Auto OEMs to accelerate a roadmap to Level 4/5."

For an analyst ratings summary and ratings history on NVIDIA click here. For more ratings news on NVIDIA click here.

Shares of NVIDIA closed at $66.47 yesterday.



Serious News for Serious Traders! Try StreetInsider.com Premium Free!

You May Also Be Interested In






Related Categories

Analyst Comments

Related Entities

Tesla

Add Your Comment